We may be surprised. I recall last time there was a CR it was to a London based fund and was actually issued at a premium to market price.
I still guess 8c as I like to be surprised in a good way, instead of a bad way haha.
One thing to keep in mind here though is that JP does hold near on a million bucks worth of stock in this co himself. He is no fool, he will have shareholder's interests as paramount, not only because he is a good operator, but also because he is a very large shareholder himself.
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