Alkaline Water Comp Inc (WTER)

[236T568]

As with other scam companies, WTER is forced to raise cash funds in a private placement at a significant discount, over 50%, to the Market Price


not surprised though

and why is this not surprising?

because this is what scam companies do!


https://finance.yahoo.com/news/alkaline-water-company-inc-announces-123000099.html

In order to meet certain NASDAQ financial requirements, the Company announces that, subject to final regulatory approval, it has arranged and closed a non-brokered private placement financing (the “Financing”) of 1,619,947 units (each, a “Unit”) at a price of CDN$2.50 per Unit for gross proceeds of CDN$4,049,867. Each Unit consists of one share of common stock of the Company (each, a “Share”) and one share purchase warrant (each, a “Warrant”), with each Warrant entitling the holder thereof to purchase one additional Share at a price of CDN$2.90 per Share for a period of two years. All securities issued in the Financing are subject to a Canadian hold period expiring January 28, 2019. The Company paid finder's fees of $123,572 and issued 49,428 warrants.