Enertopia Corp (ENRT)

[NoahG]

Over the last several years, ENRT has offered previously issued shares and/or warrants totaling roughly 25 million shares to certain people in exchange for capital, which they could claim and/or sell at a letter date, which expired, usually within 36 months of the offer. Many of the shares and warrants were issued in August 2018 with a 36 month expiration. From my understanding, this filing is to officially register the shares and inform the SEC that these parties are legally allowed to sell those shares, if they so choose. Of the 25 million, 11 million of the shares were previously issued, and thus, if they are exercised, would not dilute the stock at all. The remaining 14 million shares are through warrants, and those shares would dilute the stock a bit if exercised and sold, however, the majority of them are at a warrant price that is above the current share price right now, so I don't know that they'll be exercised or sold any time soon, if at all.

One of the positive takeaways if you read through the entire document, which was very long, is they did include a paragraph mentioning the steps they've taken to prevent a takeover.

Anyone else please feel free to correct me if I've misunderstood or gotten something wrong. But long story short, years ago the company issued shares to raise capital, and those shares are now registered with the SEC and allowed to be sold.