Post by
SamV21 on Mar 19, 2023 12:18pm
Guy saw a chance to cash out , too bad we didn't see it .
ORLEANS, Ontario, Nov. 30, 2018 (GLOBE NEWSWIRE) -- Tetra Bio-Pharma Inc (“Tetra” or “TBP”), (TSX VENTURE: TBP) (OTCQB: TBPMF), has closed a private placement of units (the “Private Placement”) with its strategic partner Aphria Inc. (“Aphria”) (TSX: APHA) (NYSE: APHA). Under the Private Placement, Tetra issued to Aphria (6,900,000) units (the “Units”), with each unit being comprised of one Class A common share of Tetra (a “Common Share”) and one Common Share purchase warrant (a “Warrant”), at a price of $1.03 per unit, which is the closing price of the Common Shares on the TSX Venture Exchange on November 28, 2018, for gross proceeds of $7,107,000. Each warrant will entitle Aphria to purchase one full common share at a price of $1.29 per Common Share for a period of 36 months expiring November 2021 subject to acceleration in certain circumstances. As part of the transaction, and in order for Aphria to attain 19.9%, Tetra Co-Founders, Andre Rancourt and Dr. Guy Chamberland, CEO and CSO of Tetra have agreed to sell 5 million shares each to Aphria. Following this sale Dr. Chamberland and Mr. Rancourt will continue to hold 5 million shares each as the company moves forward.
Add his wage for the last 5 years , he has done well with nothing to show for it on the backs of shareholders.So now his shares are worth 125,000.00 , there are lots of shareholders that lost far more than that here !
Comment by
SamV21 on Mar 19, 2023 9:42pm
So Kingofcrap thiks its OK for the CEO to put his financial interests ahead of the company and the shareholder .I bet he made millions on Tetra like the CEO did feeding his privately held Inc . company at shareholders expense.Tetra trades at nothing because in the end it is worth nothing to we shareholders .Kingofcrap thinks thats fine.