Post by
stellar8 on May 03, 2010 2:24pm
GMP 250,000 Share Bid
at .39 was pulled. They bought 250,000 shares today at average of .40
Should we assume there's a PP at 40 cents?
Comment by
Weiner01 on May 03, 2010 4:33pm
I would think that would be an absolutely great assumption. Lets get it closed and get those holes drilled. My pp starts June 19, 2010.
Comment by
botfed on May 03, 2010 8:05pm
1 million shares at 40 cents would give them about the same funds they were originally seeking from the 15 cent PP, net of what they got. The dilution would be fairly low.