That would be great. But I think that is too optimistic. I expect the following:
- $5M placement
- price per new share: 30c or slightly higher
- retail investors will not be allowed to participate
- company will be able to raise the complete requested amount
- Mr. Friedland will increase his holding, but will stay under 20%
- share price will drop to 29c-30c on high volume within next week
If the company is able to raise the complete requested amount this will be a good sign. The CR might offer a very good opportunity to accumulate in my opinion. If the SP drops below 30c, I will definitely buy more shares.
We will soon find out who is right. I cross fingers for you, since the outcome you expect is much better for us.
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Last
29.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $20.03M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 28.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
29.0¢ | 52749 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 0.285 |
1 | 19000 | 0.280 |
1 | 6000 | 0.270 |
1 | 11231 | 0.265 |
1 | 15000 | 0.260 |
Price($) | Vol. | No. |
---|---|---|
0.290 | 52749 | 2 |
0.295 | 97551 | 3 |
0.300 | 64976 | 2 |
0.305 | 25000 | 1 |
0.310 | 32258 | 1 |
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