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Gold/Mining/Energy : Zentek Ltd - ZEN -- Ignore unavailable to you. Want to Upgrade?

To: HooterHanna who wrote (18597)	4/24/2024 6:02:38 PM
From: Del Bocavista	Read Replies (1) \| Respond to of 22648

Why would a US buyer pay US$1.60 for US shares when he can buy them for US$1.15 on the open Nasdaq market right now ?

To: HooterHanna who wrote (18597)	4/24/2024 6:15:28 PM
From: Del Bocavista	Read Replies (1) \| Respond to of 22648

HH . Interesting comment. "...would depend on a lot of future factors, one of which may be they want the shares more than we want the cash. It won't take much to improve our negotiating position." I think I differ a bit there. Perhaps more than a bit. If they wanted the shares they could have bought in already. For between about 1.05 and 1.20 US. They didn't, so we have to sell shares and dilute. I believe we certainly do want the cash and PTQ. It's been flowing out over the last two and a half years and this is why we now need a share offer, and a discount will be need to be given. It's the (hopefully) incoming US buyers that have the upper hand at the negotiating table right now, I feel. If we were now to show some contracts that brought in revenues it would be then that the balance shifts a bit in our favour. The more contracts we announce, the smaller will be the required discount.