RE:Prospectus Offering raising $16.5 Million, Clsing date Nov 8 I am feeling optimist about IAN.
Im not sure what to feel about this raise.
The raise is at 1.70$ and unfortunately they are free trading from day 1.
(helping create liquidity to the float)
Now if we look at their current capital in the bank (8m roughly) we take into consideration the capital they will recover from TGS Colorado (another 8m roughly) that leads to roughly 16m$ in cash, add this raise) we are over 30m$ in cash in the bank, with an outstanding business plan!
If only i wouldnt be a french canadian living in QC i would be taking part of this 1.70 raise! eyes closed!
guerreiro wrote: I am feeling very optimistic about the amount of money raised in the PP, ($16.5 Million) the shares are subject to a hold for 4 months from the date of issuance. AGM is dated for Nov 14, 2017, it's believed that there are major news on the way that could double the stock value immensely as the PP was taken by very strong hands. The question is; will they run the stock to over $3 /$4, before the meeting or after???, or will the stock create legs once they make the major partnership announcements. ( Nothing will surprise me as the insiders are a very well proven connected team in the industry.) Do Your DD