kind of as expected; the holders that sent in their SPP early (before GCY) will be sad; but they will be above water in a couple of months
I look forward to the directors placing the $5mill to some sophisticated dude(s); as I said often, if you wanted to stump in a few million dollars, you cannot get the current price; that is just for small share farter abouters like us
the CASH will be needed for new projects
the guys that did not put in for the SPP are also not buying on market; turnover of about $50-60,000 day total is amazingly small
based on this announcement, the $25 mill will be ratified completely tomorrow; and even if NOT, that is good for us current holders as the dilution is then mimimal; so for any of us current share buyers / holders, tomorrow's meeting is win-win