Post by
MrForthright on Jun 10, 2023 11:31am
Will the 8 month PP get repriced?
At this stage, it seems unlikely that Erik The Spaniard will want to loose $8 million overnight. The longer for this thing takes to close, the more premature the announcement of the PP in October seems. Was it all to create an opportunity for Triple Tongue Steve to sell 20 million shares. Certainly something for the BCSC to look into (in due course).
Comment by
Shutch1958 on Jun 10, 2023 12:07pm
Why would they have even announced the PP at 0.29, at a time when the SP was what it is today just to reprice it? Why not just reprice is from the start ?
Comment by
Shutch1958 on Jun 10, 2023 12:08pm
Also, I'm assuming Eric will join the BOD and get a piece of the 0.13 options. To me that's already incentive to do the PP at 0.29 and then get it above that price.
Comment by
MrForthright on Jun 10, 2023 12:46pm
The Erik PP seems like The Grand Illusion
Comment by
Investor411 on Jun 10, 2023 12:51pm
A day starting from 0.105 hitting a high of 0.22, you're right of course why would they issue a contract of 0.29 on the 26th when on the 25th we closed at 0.115. right there you'd "change the agreement in seconds " and reprice it. You also wouldn't take 45 days so far to consider repricing it.
Comment by
MrForthright on Jun 10, 2023 12:59pm
I remain to be convinced the Erik will go through with the PP at 29 cents and take an immediate $8 million loss. No one is that stupid.