Post by
riverrrow on Mar 10, 2023 9:21am
Catalyst financing
Now we know why SGI is trading at less than 30 cents Canadian. The Catalyst financing at $1 AUD is just 91 cents Canadian. That means SGI shareholders are getting the equivalent of around 32.5 cents Canadian. Well short of the "premium" promised.
Comment by
riverrrow on Mar 10, 2023 10:47am
And to think, Catalyst was trading around 1.36 AUD when they made the proposal to SGI. At $1.0 AUD that's a 26% drop. I'm sure SGI shareholders want to be a part of that action. NOT. I don't know why, but if some large SGI shareholders have participated in the Catalyst pp, it doesn't feel right to me.