The company refuses to do any marketing in that way. I am glad they are not involved with that practice. If we go up, it's because we have positive news. I'm surprised very few buys came in today. I would expect it to be around .025 I'm glad I am IN and not on the sidelines :)
I think we need more eyes watching this stock before huge jumps in share price will occur. A move to the TSX will help. With the possibility of share dilution, that fact along will be like the Sword of Damocles hanging over our heads. If the company can raise operating capital by taking on additional debt, that would bet the best thing for share price, but debt servicing would then factor into the margins. $2.5 million in comparison with the captial construction costs of $140+ million is minimal though so I would hope it is an option they actively pursue.
The Company also announces a private placement of $250,000 of convertible debentures. The debentures will not accrue interest and will be due eight months after closing of the Offering. The principal amount is convertible at a conversion price of $0.10 per Share unless converted at maturity in which event is convertible at a conversion price of $0.09 per Share. The proceeds of this placement will primarily be used to pay costs related to listing on the TSX-V
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