If that info on the placement is correct, I would be pretty disappointed. If you take into account that the options are worth $0.05, then that puts the issue price equivalent to $0.15. Also if it is true the options will cop a smacking, not just because the sp will drop, but also because those 30 million extra options will be sold off pretty quickly IMO. This is the reason I said I am on the sidelines until funding is sorted and production is proven. We have just been through the first few weeks production and basically heard nothing? This might well be the time for them to actually keep shareholders updated.
Ann: Trading Halt, page-69
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5.6¢ |
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Mkt cap ! $16.24M | |||
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|---|---|---|
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