Aston Bay Holdings Ltd V.BAY

Financing Reprices to 8 cents? Free Trad - Life Offering?

[currency24]

BAY announced the repricing of the Financing of 47 million shares now the new Reprice is 8 Cents refer to press release. Life Offering - otherwise known as Free Trading Shares?

The MGMT Handling of this financing is very questionable. Considered, in my opinion STUPID. Price has dropped from 30 cents to 22 cents and below 19 cents to todays current proce of 7.5 cents. Now Free Trading shares at 8 cents. Whats next 4 cents??? REREPRICING?

They have a very good project and this whole Financing Situation makes NO SENSE.Free Trading shares under Life Offering?

Overtime I can see this price breaking 5 cents.Perhaps back down to 100% pricing retrace??under 2 cents.

MAkes no sense?

[Peckartyn]

Maybe I just don't get it. How is this supposed instill any sort of confidence in the company? Are they just super desperate for capital?

[woundedknee]

currency24...I have to agree with you 100%. In hindsight they should have stuck to the original proposal which included the consolidation and a 15 cent offering. One that i didn't agree with at the time, but now looks much better for shareholders.Management looks like a fish flopping on land. I'm afraid there will be a lot of "red" shareholders for some time. Very disappointed in