Ann: Funding Agreement with Acuity Capital, page-34

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touquoy

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22/12/23

10:48

Post #: 71586119
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Originally posted by ratmill: ↑

Jesus, this clearly shows that the pumpers could get dragged through the coals and still thank management. No matter what happens here they will never admit they are wrong.

They couldn't organise a standard cap raise and have gone to one sole company that has no risk at all in participation due to being able to sell at any time for profit.

The company didn't have a better option and has had to resort to this.

$5m will pay for everyone's over the top wages and that's it.

The Writings is on the wall here..

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In a nutshell Acuity Capital can't just decide to dump the 9,000,000 shares whenever they feel like it.
The 9,000,000 shares are held in trust until such time as BML instruct them to sell the shares at a minimum price that BML set over a period of time that BML also set. It’s a perfect arrangement for where BML are at right now, especially given we are in such an exciting environment for Silver.
Kills off the boiler room idiots arguments that a destructive capital raise with big discount will happen any day.

The 9,000,000 shares are held in trust until such time we instruct them to sell the shares at a minimum price that we set over a period of time that we also set. It’s a perfect arrangement for where we are at right now, especially given we are in such an exciting environment for Silver. Kills off the idiots arguments that a destructive capital raise with big discount will happen any day.

Last edited by touquoy: 22/12/23

BML Price at posting: 18.5¢ Sentiment: Buy Disclosure: Held
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