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Bullboard - Stock Discussion Forum HTC Purenergy Inc V.HTC

Alternate Symbol(s):  HTPRF

Chemicals Specialty Chemicals
HTC Purenergy Inc., doing business as HTC Extraction Systems, is a Canada-based development stage company. HTC Extraction Systems is a hemp biomass extraction and formulation company and a developer of patented technologies designed for the extraction of biomass, gas and liquids, as well as the distillation and purification of ethanol and ethanol-based solvents used in extraction. HTC... see more

TSXV:HTC - Post Discussion

HTC Purenergy Inc > What an embarassement for Canaccord..
View:
Post by Mining_Dude on Sep 27, 2019 9:15am

What an embarassement for Canaccord..

They agreed to do a bought deal at $1 as sole bookrunner, deal is way past inittial expected closing and stock is now at $0.40.  Just wow... 

Now that they've repriced the offer to $0.50, does Canaccord eat the loss or did the company agree to a lower bought deal price in exchange for a future business relationship?
Comment by lscfa on Sep 27, 2019 9:34am
The new bought deal is for $10 million vs $15 million originally. I suspect Cannacord begged to be released from its original obligation and promised to pump the schit out of this stock after revised deal is closed to get warrants in the money ASAP.  
HTC Purenergy Inc
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