GW1 6.25% 4.5¢ greenwing resources ltd

Ann: Further Option exercise agreement signed, page-12

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  1. 2,426 Posts.
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    I totally agree, BSM is lucky to have Bizzell financially backing it, especially with the early conversion of options, at current share price of 2.7c and a conversion price of 2.5c, you could say that investors converting 2Million$ worth of options are taking a risk, and thanks to bizzell they convinced them and closed the deal. It is rare to see this kind of support/confidence with other micro-caps. Of course thanks to Peter Wright being a director on BSM it helped a lot, that is why it is important to have financially well connected guys in your board of directors, they may be crucial to the success of the company ensuring sufficient funding (working capital) either through cap raises, debt, option conversions...or other means.
    Last edited by DoctorFouad: 21/09/18
 
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