Comment by
whodathunkit on Mar 31, 2016 8:01pm
The price will recover once the bought deal is sold to the public. Cheers.
Comment by
Lansing76 on Mar 31, 2016 9:55pm
I don't follow. The subscription receipts have already begun to trade. What is left to be sold to the public?
Comment by
whodathunkit on Apr 01, 2016 10:24am
It was a bought deal. Doesn't mean they were all sold to the public. Sometimes it takes a little while for the offer to be fully sold out by the syndicate, some times it's immediate. Either way, because they are sold below market, it usually takes a little while for the market to settle and the price to start to rebound. Cheers.
Comment by
whodathunkit on Apr 14, 2016 1:10pm
So I'm guessing the bought deal has now been fully sold out and we are back to "normal" market pricing based on the previous couple of days trading. Cheers.