CNs, The absolute worst form of financing from a companies perspective. It's what many companies that really are going broke do in a desperate attempt to stay alive.
CNs at stupidly high interest rates, fantastic discounts in conversion like 25% off, is bad enough.
Add free bucket loads of options just out of the money, is fine in companies going broke.
This company is not going broke, the SP is about to take off because it is going to be making money. You never as management give away bucket loads of options as well in such a situation.
Luckily, management HAVE NOT given 50m free options away. There is NO DEAL on them unless shareholders decide to give away those options.
Does anyone really think that refusing the 50m free options, the whole deal will be off?? The rest of the deal is still a very good outcome for CN holders. They still make lots of money. They would be stupid to walk and if they just offer shareholders shares at 10c. Shareholders should be offered FIRST and come FIRST.
How come the "well connected" come before shareholders? Who are they well connected with? Why does it matter?
Isn't management well connected to those buying our product? Isn't that what really matters?
PLS Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
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