Yep, raise just a couple of hundred thousand dollars and give their mates potentially nearly half the company. Just a different way of letting people in that will support this crew.
Looks like they intend to burn honest shareholders in an attempt to reduce the influence of their ex-mates.
Once again they are looking after their own interests ahead of what's best for shareholders. Different but no better than the others.
Let's see who gets these extra cheap options. Will some of the 'sophisticated investors' be the same as those who got the last lot? My bet is yes, as they want to average down at the expense of all other shareholders who aren't being given the same chance.
Shareholders had better vote against it if they want to retain any semblence of value.
GDA is probably a very good example of what's about to happen to shareholders' value here.
Those who bought GPNOB as a result of holding the expired GPNOA are about to get stiched up again.
GPN
greater pacific gold limited
