Post by
themagicbox on Feb 17, 2021 11:46pm
Bought deal - placement
Did anyone get in on the placement? Closed at 6:30 today. Not a bad deal for the free warrants.
Underwriters will likely keep the price above $6 till the BD closes on the 24th for those that are concened about a plummet. Usually its the penny flippers that care about the day to day.
The big money knows understands the value, and likely got in on the placement. We'll get to see the PH3 with free warrants. Like I said before, look at this month to month and I am sure you'll be very pleased. This will be frustrating for some, but the bigger picture is what matters and we know what we own.
Comment by
TriumphSpitSix on Feb 17, 2021 11:53pm
I don't see this as bad news. For $12, an investor gets 2 shares and 1 warrant, which they will pay $7.50 to exercise for 1 more share. So that's 3 shares at $19.50 total or $6.50/each, just a ~7% difference from where we closed today. AND they're cashed up so in a much stronger negotiating position going forward. All good as far as I'm concerned.
Comment by
MrMugsy on Feb 18, 2021 12:12am
Right Triumph ... not a bad price for cashing up.
Comment by
crow27 on Feb 18, 2021 12:29am
So they receive $35,100,000 up front plus if the warrants are exercised then they get another 21,937,500. So basically ATB can collect $57,037,500 with this deal.
Comment by
crow27 on Feb 18, 2021 8:43am
If they also fill the 15% 30 day option then with cash and options exercised this will put aprox 66 million in the pockets of ATB from this deal alone. So with existing cash (15 million) + Nuance up front payment (20 million) + this deal (66 million) = 100 million in the pockets of ATB. We are cashed up folks!!!
Comment by
TheCanuckTrader on Feb 18, 2021 9:03am
Anyone know who the other underwriters are?
Comment by
themagicbox on Feb 18, 2021 9:14am
Canaccord and bloom burton