Hey Bunn-Whacket, you like to scrutinize everyone's thought's, well scrutinize this and see what you think:
When did something first seem a little strange/ fishey? that's easy, when Canaccord suddenly got issued 13,000,000 cheap options.
1: The previous $6 million capital raising was done by Viriathus Capital on 14/10/2021 as lithium price really started to recover-- all good!
2: The next captal raise was for about the same amount, but instead of just paying a fee like before, Sam also gifted Canaccord 13,000,000 cheap 26-30c options -- Something smells fishey! why did you dilute us for no reason ? you didn't have to do that before and lithium price is really starting to go higher! why Sam?
3: Sam gifts himself his 6,000,000 options suddenly after being employed for just over 2 years, he had received a sign on bonus and had received 60c options & receives a whopping $30,000 a month salary ..... he hasn't achieved anything other than almost going bankrupt a year earlier ? why i wonder ? did he know there was a buyer lurking in the shadows with Canacorrd?
4: The next HUGE raise diluted us by 45,000,000 shares, over 10%, just over 1 month before the sale announced.... All done by Canaccord & very unnecessary as we had enough funds to make it through the partnership process in December which has also been confirmed with our current cash balance still above $20 million...
So............ the Question i ask is this: "As Canaccord has now been confirmed as the SOLE FINANCIAL ADVISER to the CHINESE BUYER, could anyone take a guess as to when they might have known they had a buyer? "
So........... the question hurting all long-term holders is: " Why dilute the company over 10% in just over a month before the Sale & why did Sam specifically have a "change of ownership" clause in all his options ???
A wildly crazy though i just had is that this unnecessary $18,000,000 raise just over 1 month before the sale has resulted in all buyers making +100% at the expense of long term holders, so i wonder what Canaccord new at the time ??
any thoughts people ?
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- Did Canaccord have the buyer back in March ? lets play join the dots
Did Canaccord have the buyer back in March ? lets play join the dots
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Last
9.4¢ |
Change
0.004(4.44%) |
Mkt cap ! $52.19M |
Open | High | Low | Value | Volume |
9.1¢ | 9.4¢ | 9.0¢ | $4.225K | 46.39K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 11978 | 9.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.4¢ | 23674 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 11978 | 0.092 |
1 | 5882 | 0.085 |
3 | 38762 | 0.080 |
2 | 55000 | 0.060 |
1 | 60000 | 0.050 |
Price($) | Vol. | No. |
---|---|---|
0.094 | 23674 | 1 |
0.096 | 21978 | 1 |
0.097 | 10406 | 1 |
0.100 | 55500 | 1 |
0.105 | 51000 | 2 |
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