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Pastimes : Zenyatta Free Speech Board -- Ignore unavailable to you. Want to Upgrade?


To: David R. who wrote (22608)11/17/2018 12:08:10 PM
From: jiggydo  Read Replies (1) | Respond to of 22811
 
Obviously this raise was for longtime shareholders and insiders.
Above post by longtime bagholder , here recently under a new name as David R

David , looks like longtime shareholders and insiders have said , whoa , show more than BS and dreams .

Raising about half of what the Zenyatta dreamers need to keep the lights on , not looking good for the recent investors of the PP .
Can the dreamers hope ?? stock stays above 30-35 cents .

David R , any thoughts on the next PP to get going with adequate funding to at the very least , do some work on property while ground is frozen ?



To: David R. who wrote (22608)11/17/2018 3:36:47 PM
From: Fact Czecher1 Recommendation

Recommended By
jiggydo

  Read Replies (1) | Respond to of 22811
 
David R posted:
"Obviously this raise was for longtime shareholders and insiders.
Remember Mr Czecher that brokers don’t participate in non broker raises.
I won’t be surprised we’ll see more about who is paying for the drilling. If that doesn’t happen it will be a sad day for us Zen shareholders. Almost as bad as CCB.
Now did the court case go on Friday? "


David - Lets look at your post line by line-

"Obviously this raise was for longtime shareholders and insiders"
How is that "obvious" It is not stated in the NR.
The same language was used for AE's FAILED $0.65 PP - Was it also just for "longtime shareholders and insiders"? Does that imply some sort of forgiveness for missing the PP target?
Team Yellow clearly stated they had ARRANGED a PP to raise a "minimum" of $1 million. THEY FAILED!! It took over 6 weeks to source only $583,000 - Apparently it was not really "ARRANGED".
They ran for the BOD positions on a platform of being able to raise the funds required to advance the Albany Project. I repeat: THEY FAILED!! AND THEY FAILED BADLY.
Don't take my word for it - Their failure will be reflected in new 6 year Share Price lows in the near future.

"Remember Mr Czecher that brokers don’t participate in non broker raises."
Thanks for the tip David - I'm going to write that down.

"I won’t be surprised we’ll see more about who is paying for the drilling. If that doesn’t happen it will be a sad day for us Zen shareholders. Almost as bad as CCB."
David - You are putting the cart way out in front of the horse. ZEN has applied for an Extraction Permit. It HAS NOT been granted yet.
If it is granted, ZEN will have to submit a 3rd party EA covering the proposed roadway, 10 meters either side of the roadway and any areas excavated (+ 10 meters around excavation) to provide fill for the roadway.
If the EA is accepted they can start to build the road. When the road is complete, ZEN can bring in the drill(s) IF the ground is still frozen.
Of course, you knew all that David, didn't you? Are you confident it can all be done before spring thaw?
David, you have seen the results of Team Yellow's PP efforts. Why would you believe that fundraising for drilling will be different?
Is it because the same idiot who said ZEN graphite was "nuclear grade and isotropy right out of the ground" has now claimed he has access to funding?
Would you like to buy some swampland David? Oh wait!! You already have - Its called the James Bay Lowlands.
The last day that was NOT a sad day for ZEN shareholders was in July 2013.

"Now did the court case go on Friday?"
David - I will assume that you meant "HOW" and not "NOW".
I realize you wouldn't have a clue how to look it up yourself - so check this out. canadacarbon.com

David, the fact that you are defensive of your decision to invest in a highly questionable graphite play is not surprising.
Will you be among the last to realize it was a 100% losing decision - a mistake? I suspect you will.
Will you ever admit it? I suspect you won't.

Choo-Choo??



To: David R. who wrote (22608)12/11/2018 12:24:25 PM
From: Fact Czecher  Read Replies (1) | Respond to of 22811
 
On Nov 16, I posted a criticism of ZEN's failed PP. Message 31890224

The Oct 3rd PP had been announced as having been "ARRANGED" for a minimum of $1 million dollars. On Nov 16 ZEN filed an NR stating they had raised ~$583,000 in a "tranche"

"ARRANGED" means that ZEN had a commitment for $1,000,000 and was seeking more. Obviously, investors who had previously committed backed out.

Team Yellow had previously stated that they had "been approached by a few large shareholders, several brokerage houses and a company in Europe that are all interested in funding Zenyatta....”

David R responded to my Nov 16 post: siliconinvestor.com
"Obviously this raise was for longtime shareholders and insiders.
Remember Mr Czecher that brokers don’t participate in non broker raises.
I won’t be surprised we’ll see more about who is paying for the drilling. If that doesn’t happen it will be a sad day for us Zen shareholders...."


Well David, the day of reckoning is here.

Today ZEN announced a flow-through PP of up to 7,5000,000 shares at $0.40 for proceeds of up to $3,000,000 to be used for bulk sampling, environmental assessment and community engagement.

According to David, this is what the "few large shareholders, several brokerage houses and a company in Europe were "interested in funding".

David - Did you notice that this PP is NOT "ARRANGED"? Do you think maybe Team Yellow exaggerated the level of interest in investing in "the drilling".

You said it David, If this PP falls short of the minimum cash needed to fund the announced winter program - ZEN IS DONE. "it will be a sad day for us Zen shareholders...."

It now becomes clear that ALL the proceeds of the failed Oct 3rd PP will be used for lifestyle funding. You know - sending delegations to Texas and England and keeping the lights on.

Also today, ZEN finally announced the closing of the previous PP. Is anyone surprised that they did not raise a single cent after the first "tranche" was announced on Nov 16?

10 weeks to raise less than $295,000 from 10
"longtime shareholders"
. Zen was expecting a "minimum" of $725,000. In other words - a disastrous and complete FAILURE.

Of note - ZEN's opening trade on the TSX-V for the last 5 days. I am detecting a trend. Do you see it David?
  • Dec 5....$0.40
  • Dec 6....$0.39
  • Dec 7....$0.38
  • Dec 10..$0.37
  • Dec 11..$0.35
PS - I see Antlizzie believes the $3,000,000 has already been raised. Remedial reading classes might be in order. Message 31924561

Truly A GONG SHOW RUN BY CLOWNS