Post by
GoldLovaa on Apr 30, 2021 3:05pm
Big FISH CIRCLING
hahahahhahahahahahah Teuton fully funded by tudor. Oh wait can I borrow some money from you Teuton! Now that's embarrasing
Comment by
fordster on May 01, 2021 11:27am
"They" of course will claim you're delusional to advance their cause....but Waffles, I know your summarization is rock solidly dead on....well worth the read. Thanks
Comment by
rmorrow99 on May 01, 2021 12:55pm
This post has been removed in accordance with Community Policy
Comment by
LonghandStrong on May 01, 2021 11:51am
if Stackhouse let you edit posts, you could change the name of your thread to "Confirmation Bias", it would be more apt.
Comment by
LonghandStrong on May 01, 2021 12:21pm
most of the retail investors on this board don't meet the IROC guidelines for "qualified investor" and would be excluded from a PP.
Comment by
Y_J on May 01, 2021 2:03pm
One idea may be to have Tudor issue the first PP of every year to shareholders at the current market price. If additional PP are required later, market price may be higher after drilling results. The objectives are to reward shareholders by allowing them a chance to increase their shares. It also makes it more difficult for short sellers to cover without buying on the open market.
Comment by
LonghandStrong on May 01, 2021 3:01pm
what would be in it for tudor?
Comment by
LonghandStrong on May 01, 2021 3:03pm
and how would it make it more difficult for short sellers? It would increase the float. Every private placement they do instantly devalues your shares. The hope, and I stress hope, is that they will use the $ for something that will increase value or move the prospect along, I.e. flow through (to drilling). Most PP in this space in the past has been to cover G&A to keep the company alive.
Comment by
LonghandStrong on May 01, 2021 3:05pm
I don't think (and this is just my opinion) that the market would be kind if they didn't raise "smart $". A good portion of the reason why most are here for example is due to the ES placements. Dumb money is of not much value to a speculative tech or prospecting venture.
Comment by
LonghandStrong on May 01, 2021 3:11pm
the intelligent are curious, and see patterns, and enjoy debating a position that they may in fact have an alternative opinion on. The flip side of that is true as well.
Comment by
LonghandStrong on May 01, 2021 1:41pm
thanks Waffles, you too. Some good points made in your reply, had me old noodle nodding in several spots. Fingers x'd!