Could these car clowns get any worse? It just keeps getting better and better.
Paladin will be issued warrants to acquire 50,000 Nuvo common shares at 130% of the 5-day trailing value weighted average trading price ("VWAP") of Nuvo common shares on the Toronto Stock Exchange.
VWAP as of what date ?????? Now? We are at 2 cents pre consolidation. These 50,000 shares represent 3.2 MILLION SHARES ! warrants at 2 cents.....so we can get a Tony Soprano loan at 15% to pay 100% bonuses for failure, and for 5 management when we need 2 at most !
Thanks Car clowns !!
This is financial rape -plane and simple.