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GREENFIRST FOREST PRODUCTS INC (GFP-RT.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.0250+0.0250 (+0.00%)
As of 11:59AM EDT. Market open.
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  • D
    Dale
    Short time for Rights.....

    5. How long will the rights trade?

    The rights will remain open for exercise until 5:00 pm (Eastern time) on July 30, 2021. The TSX Venture Exchange will cease trading of rights on the Exchange at 12:00 noon (Toronto time) on this date.

    We caution that, if you are a beneficial holder, your participant (being a bank, broker or other intermediary) may have additional procedures and deadlines. You should contact your participant to confirm inquire about their specific procedures and deadlines.
  • D
    Dale
    Rights are falling back to ZERO!! Stock will be at new Lows by end of Summer!!
    Company trying to pull a fast one by offering Rights and diluting stock for more cash!
    No revenues and they burning a lot of money for nothing!!
    From $11 High to just over $2 ??? This is DEAD money... :(((
  • j
    john
    rights offering. buy or not?
  • A
    Anonymous
    What happened today? Why the 50% drop?
  • D
    Dale
    They are out of cash - again ! This is why the 'Rights' > they need investors to buy more stock !!

    The Rights are being issued pursuant to GreenFirst's previously announced rights offering (the "Rights Offering") for gross proceeds of up to approximately $167,500,000.
  • D
    Dale
    2.36 for stock (V) and 0.80 (3x)(V) for rights > so stock is basically 4.76
    less than half on announcement of buying a mill
    something not right here.....stock exchanges hitting new highs and this keeps tanking??
  • b
    bfranz917
    Are they pumping the stock right now to trick people into exercising their warrants and giving this company more money, only to see the stock plummet once all those new shares are issued?
  • D
    Dale
    Knew it ! This would tank to make Rights worthless !! Back to sub $1 in a few weeks.
    Diluted stock and no revenues!
    Poor management!!!!
  • j
    john
    should I or shouldn't i
  • M
    Mark H
    We know that it is a huge lumber mill in Canada that will likely open this summer. There is a huge need right now, so if it opens on time and runs smoothly, and lumber prices stay up, it should make a lot of money in the short term. Could get bought relatively quickly for $90M. Small, illiquid, and speculative.

    I own it by proxy through Ballantyne Strong (which owns 15% of the outstanding shares of Greenfirst Forest Products).
  • S
    Smurf
    Interesting times ahead - Paul Rivett joins after spending years at Fairfax, which is a large shareholder in RFP - so he understands the business.
  • R
    Robo
    Lumber down from what $1,700 or $1,800 to under $800 now w/no bottom in sight?
  • b
    bfranz917
    Friday was last day to be approved as an eligible rights holder, my guess is 90% of these rights expire worthless. Anyone else thinking that?
  • R
    Remick
    I’m having a hard time selling this. Anyone have any advice
  • F
    Fahim
    Who’s shorting this today?
  • M
    Maui Jay
    First.
  • G
    GG
    Fallen below its halt re-opening.
  • T
    Tenaisha
    Any new news?