Quiltman
Regular
I haven't seen anything written about the lack of options associated with this raise.
Not only was there minimal discount, but NO attaching options.
I don't know about others here, but all but one of the companies I hold that have run CR's over that last 18 months have had to attach options to attract investment. It's been tough to get the $'s. The granting of options inevitably leads to heads being dumped for a small profit, and said "investors" holding options only.
Not the case here. Seemed that the business case was enough to attract the required investment. IMO, this is a HUGE positive.
BTW, the company that ran the SPP without the options was hoping to raise $2M , raised $7.8M, 4x oversubscribed. . 20% of existing holders participated.
Not only was there minimal discount, but NO attaching options.
I don't know about others here, but all but one of the companies I hold that have run CR's over that last 18 months have had to attach options to attract investment. It's been tough to get the $'s. The granting of options inevitably leads to heads being dumped for a small profit, and said "investors" holding options only.
Not the case here. Seemed that the business case was enough to attract the required investment. IMO, this is a HUGE positive.
BTW, the company that ran the SPP without the options was hoping to raise $2M , raised $7.8M, 4x oversubscribed. . 20% of existing holders participated.