GREY:BLKCF - Post by User
Comment by
DirkMottoon Dec 07, 2017 1:52am
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Post# 27106660
RE:RE:RE:time to light a match
RE:RE:RE:time to light a matchPlease please please relax. Financings take, on average , 4-6 weeks to close, especially the overbought ones. The reason is not because they can’t find investors (it’s a freakin bought deal for God’s sake!). It’s because many investors already hold shares and generally most sell their old shares to get new ones with the warrants. This is why the stock ran up to 2.60 twice. They run it up to allow the investors to get decent prices on their sell orders.
According to Stockwatch, there are 23 million shares outstanding currently.