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Here comes the spring at 0.255. Text book churn on base. Should...

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davidosan

313 Posts.

77

08/03/18

15:56

Post #: 31624495
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Originally posted by davidosan ↑

Looks to me like the selling over the past few months has been leading up to this underwriting.

"The underwriters have an incentive to temporarily depress the stock price during the pricing period. This will lower the issue price and thus provide extra profit on the underwriter’s stock allocation assuming the price bounces back from a temporarily depressed state."

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Here comes the spring at 0.255.

Text book churn on base.

Should be up from here.

Cheers all GLTAH and DYOR.

EGA Price at posting: 25.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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