Post by
GreenGecko on Jun 07, 2022 6:12pm
Financing
What do you think of those terms Damn and ratsnake?
The dilution isn't as bad as we expected. And the cash will hold us until revenues in the next 6 months, as stated.
Comment by
GreenGecko on Jun 07, 2022 6:27pm
40 million shares at 15 cents Canadian, with a half warrant per share to purchase a share at 20 cents by end FY 2023. So, at most, 60 million shares but the 6 million will fill the coffers. Lead underwriters can increase the offering if there is sufficient interest. And underwriters being paid in 7.5 million shares at an implied value of 15 cents with no attached warrant.
Comment by
Damn1212 on Jun 07, 2022 6:32pm
1 where did u get this info ? 2 This would be horrible for shareholders
Comment by
GreenGecko on Jun 07, 2022 6:38pm
You shoudl've sold your shares. Tomorrow shall be interesting. At least a two penny drop. If it drops on volume, there may be a capitulation. We like the company and will bottom pick this one.
Comment by
Damn1212 on Jun 07, 2022 7:12pm
No kidding captain obvious lol
Comment by
ratsnake220 on Jun 07, 2022 10:29pm
gecko is a little centipede....boy what dumb comments...oh yes he says it should drop on capitulation..of course he uses the word implying bs....this could be a spider fanatsy alias....when spider leaves Gob shows up
Comment by
Topper00 on Jun 08, 2022 7:29am
Forget greengecko. I'm having a coffee thinking like today is the day for NXO. We will be green. I'm a psychic sometimes and right now I predict green
Comment by
BarstoolSage on Jun 07, 2022 8:29pm
Mind pointing us to this financing NR....can't find any reference anywhere
Comment by
Damn1212 on Jun 07, 2022 8:38pm
He was lying as always barstoole
Comment by
BarstoolSage on Jun 07, 2022 11:44pm
Ah yes, he is an American from Florida...they have no idea what a truthful statement is