Monday, December 05, 2016 3:18:00 PM
This offering is making me scratch my head. Please correct me on any points as needed.
* Largest bought deal of all the LPs.
* Less than a 7% discount on shares which is the least discount of the bought deals that I can recall.
* U.S. involved which could just be a U.S. ticker move.
* They already had healthy cash on hand and Bruce stated he wanted to limit any more dilution through bought deals. Yet this one happens and it's huge.
What do we make of this? As previously posted I suspect part will be for Germany and expanding into those 90 acres we acquired. But I feel like there is something else.
I can't imagine Dundee would agree to these terms unless they had 100% confidence for what the capital will be used for.
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