A year ago, faithful financier shareholders had warrants running out. The company chose not to extend those warrants and upset those same shareholders who provide the private placements. Seems it wouldn't have mattered had they extended those warrants an additional year, as the sp is now far worse than it was then.
However, it is the optics of a management and how it cares about those people who had the faith to provide the financings that matters. Who wants to do a pp with someone who won't stand up for you when times are bad?
Strangely, I own shares in a company that (without asking or proding) simply mailed all us warrant holders a one year extension to our warrants with an adjusted price. It may never amount to anything, but as a shareholder I am gratefull they at least care about me. I've agreed to do a small pp to try to help them along. Several friends have also agreed to help. Why do a financing for a mining company in this climate? Management!
Who is the CEO of this little company you may ask?
Larry Hoover!
nuff said
pc