AI
Monday, June 03, 2019 8:38:17 AM
If read it correctly, 250M shares offered at 0.002. It means at a higher price than today 0.0016 pps.
Legal fees being 5% of the amount raised, the Cie should received 0.475M USD.
I agree this is better than debt.
I do not see this as dilution to spoil current shareholders but as capital raise to fund activity as last Company developments seem to indicate they are moving ahead.
The fact that the new shares are not sold below pps is very positive especially as the pps raised recently. Others could have issued new shares at the 3m average price of the stock for example !!!
Interesting day ahead...
Legal fees being 5% of the amount raised, the Cie should received 0.475M USD.
I agree this is better than debt.
I do not see this as dilution to spoil current shareholders but as capital raise to fund activity as last Company developments seem to indicate they are moving ahead.
The fact that the new shares are not sold below pps is very positive especially as the pps raised recently. Others could have issued new shares at the 3m average price of the stock for example !!!
Interesting day ahead...
- Some of the less friendly observers have determined that we will abandon our principles and reveal ourselves as shallow cynical exploiters. We must disappoint them... quite simply put, we walk our talk -
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