new option issue, warning will robinson!
Someone tell me why anyone is buying these options (RRSO) for anything more than 0.3 cents?
They've just announced they are going to issue 180 million of them @ 0.3 cents to Findlay's clients, NOT EXISTING HOLDERS, for a lousy $540k.
WHY didn't they offer them to existing holders?
Afterall they are issuing them at ONE THIRD of the current trading price, it's not like they're issuing them at a 10 or 20% discount, this issue is a no brainer!
You have to ask the question, HOW MANY ARE MANAGEMENT/ EXECUTIVES subscribing for???
RRS Price at posting:
0.0¢ Sentiment: Sell Disclosure: Held
