Post by
tylerreddick on Sep 12, 2023 1:31pm
What keeps me wondering
is all of the people (or person) who keeps buying the PPs at prices 50% higher than today's share price, well they most likely know a lot more about what is going on than anyone posting on this chat board.
So what do they know that we don't know? I doubt they are stupid people, and they obviously think GRB is worth a lot more than 79 cents, and certainly more than they paid.
It is curious.
Comment by
Sykes777 on Sep 17, 2023 11:54pm
Well the last normal PP was in May and was fluctuating around 1.20 share price. Private placements are usually current investors or insiders. It's not unusual. What is unusual thoigh is the current debenture with a 12% interest rate. Shareholders should be asking why.
Comment by
tylerreddick on Sep 18, 2023 8:12am
If you are wondering about the high interest rate, that just reflects the risk of investing in a company with no income. If you are wondering why an investor would want debt rather than shares, it is most likely because debt gets first crack at the assets before shareholders. Plus they get paid while everyone else stands around with a dumb look on their faces. JMO