Yes - it's true ... try saying that to yourself - two more times: Half a Penny.
HALF A PENNY: 30 million shares to raise $1.5 million - such a deal and then two Directors step up
to loan the company another $200,000 with 12% interest per annum. Most likely PK and the Rummy
but who knows, maybe MW decided it was finally long overdue to have some skin in the game.
https://www.stockhouse.com/bullboards/messagedetail.aspx?p=0&m=31825294&l=0&r=0&s=TAM&t=LIST
This is one of the sadest excuses for a pubco I have ever witnessed. My condolensces to the geologists'
and technical staff who eke out an existence there who now find themselves trapped in a Catch-22
situation. Renvest can't take this deal PRIVATE soon enough. It's quite comical to hear the standard blah-
blah-blah on what the money raised will be used for: Just Shut the Front Door!