the market view on this raise ? which imo was done with to much of a discount at .075c as we see it could have been done at 10c that’s my gripe here the stock had been trading for the last few months at over a 30% premium which as we all can see instant profits for the lenders of the cash as well as the lenders of shares for the shorts to take a piece of the pie as well seems easy here ?
the expectation is when the shares get allocated to the institutions and the sophs $50m and the retail share holders like yourself whatever small allocation they get $10m is to sell for a instant profit ? then you have the shorts ready to buy back lower it seems a easy plan
all directions are pointing to this scenario but one thing I will say if you think you got the market worked out think again nothing ever goes to plan as anticipated
anyway it’s wait and see how this turns out and each to there own imo
PEN Price at posting:
9.5¢ Sentiment: None Disclosure: Held
