Will be interesting to see how much stock the underwriters have to take up .
Was going to be tough with general market conditions to get retail uptake - the share price never really got above $1.25 recently to be a convincing buy for retail .
As said before there are only 5 underwriters ( who can sub underwrite) and either it was a strategic play for them to expect to get a decent amount of stock or they will be surprised getting more stock than expected . Hopefully either way they will have sticky hands and there will not be too much of an overhang of stock .
The good thing is the company should have good funding for quite a while .
Now it’s up to the company to get the news flow flowing and all holders can be rewarded.
GLTA
PYC Price at posting:
$1.17 Sentiment: None Disclosure: Held
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