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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?


To: dara who wrote (298820)3/16/2023 4:14:08 PM
From: ogi  Read Replies (1) | Respond to of 312223
 
A pleasure Dara. Flow Through such a double edged sword that I enjoyed going back over the general terms etc.for myself.

FNI did a .06 Flow through with the stock trading at .06 so at zero premium , 50% dilution , immediate tax effect for 2022 and no 4 month hold It crushed the stock which has 2 excellent nickel prospects now with drilling underway. At least there were no warrants. Tens of millions of shares sold at .065-.09 because the flow through recipients probably had a cost basis of .03 . Charity does not seem to be as readily abused. FNI may have finally chewed through the overhead still grossly undervalued to comparable companies as an after effect.

Standard flow through issue with warrants and 4 month hold always results in pressure on a stock.