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Whatever happened to that bet yesterday which someone...

  1. 1,130 Posts.
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    Whatever happened to that bet yesterday which someone involuntarily proposed, hm...

    Always two sides to a coin.

    Pros:
    - A year ago we couldn't get a single dollar of funding, that's why we had to submit to the toxic CN, but now someone is willing to put up money to fund us
    - No more toxic CN!!!
    - Last AGM we voted on 10% placement (1.798B shares (most recent 3B) * 10% = 179M shares @ 1c = ~$1.79M)
    - This funding should get us past revenue/breakeven (I hope...)

    Cons/Unknowns:
    - Who is this soph investor?
    - Will this be a quick flip or a long term hold for the soph?
    - What will be the price? If lower than current SP then we will most likely see a drop under or to match
    - Potential dilution of upto 1.978B shares (excluding CN and options)

    I may have missed some things, but that's all I can think of for now.
 
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