1. 19 for 10 matches the number of new shares they needed to create @ .2 cent each to reach the desired amount of income ie $5+ Mill for the Cartesian agreement.
2. Making it Renounceable simply means that those who do not want to participate may at least sell their right on market for market value -assuming it has a market value (it means that they don't miss out completely if they are not in a position to participate). I agree with this as it is fairer ...however if the company had taken my suggestions earlier we would have done this around Christmas with a price of 3c not .2c, assuming Eliseo trial mining produced reasonable gold. Clearly my idea wasn't appealing. i wonder why?
Hopefully the company also has imminent good news to support the cap raise, or perhaps they will hold off on the good news until after they have taken advantage of the underwriting provisions, to increase their ownership of the company at fire sale prices.
After the prospectus is released I will post a number of videos that show concerns I have, along with positive aspects of Cascavel ...ASSUMING we can finally manage it properly.
Some posters may see that I am not negative towards the company, but want the truth told, the company managed properly and appropriate action taken if there has been malfeasance or gross mismanagement.
All of the shareholders group want the company to succeed, but we don't want it controlled ONLY by finance companies who DO NOT represent all shareholders.
