Who would finance the company at 2.5 cents when the shares are available at 1 cent?
Still, the $990 raised from the sale of 99,000 shares at 1 cent should buy a nice '23 karat gold-tone' digital watch for the retiring CEO. The magnificent Derbuchian performance over the years has been a shining example for controlling minds running stock, all through the TSX, TSX-V, OTC-BB, and any other stock exchanges where they make their presence felt...
It is interesting that the BNS guy has not resigned, but it is also interesting that his boss, Rick Waugh retired as President of BNS and is to stay on as Chairman.
Again, we can truly say that GDW is a 'penny stock'.