Q: I know it’s early days, but from what I have read Mene has excellent potential, do you agree ?
Financing was announced Friday, and the stock went down seems excessive to me, new start ups usually do this to get money for expansion, they will have $ 40 M total cash after this financing. Would you buy Mene now ? Insiders own a lot of stock. Do you think we will know who the private investor is on Sedar after the closing of financing ? This investor is in for $ 20 M with the intent of $ 80 M additional, this is a lot of money, this investor is obviously close to Mene and would not invest so much without doing his due diligence.
Comments ?
Thanks
Financing was announced Friday, and the stock went down seems excessive to me, new start ups usually do this to get money for expansion, they will have $ 40 M total cash after this financing. Would you buy Mene now ? Insiders own a lot of stock. Do you think we will know who the private investor is on Sedar after the closing of financing ? This investor is in for $ 20 M with the intent of $ 80 M additional, this is a lot of money, this investor is obviously close to Mene and would not invest so much without doing his due diligence.
Comments ?
Thanks