Re: And volume shoots up again...281K traded
posted on
Dec 09, 2019 03:12PM
"Like I confirmed with bear in a previous post....the company is restricted from issuing any material information during financings. Now having said that any third party such as media or any other group not controlled by the company can disclose whatever they want....."
I disagree. These 15,593,428 warrants were already previously issued and could be converted at any time. "15,593,428 common share purchase warrants, exercisable at prices ranging from $1.40 to $4.00 per share and expiring between April 12, 2020 and December 31, 2023." The only thing changing is a transient lowering of the exercise price to $1.33. By your logic CCD, the mere existence of the warrants at their original exericse price would have precluded the company from issuing any material information. We know based on the release of numerous and significant news releases over the recent months that this is not the case.
BDAZ
P.S. Growacet beat me to it with this post.