GREY:MAAFF - Post by User
Post by
RRM53on Apr 06, 2009 1:37pm
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Post# 15899863
Trading!
Trading!
It could be that this is going to be financed at .25 or .30 cents-GLW (Golden Wheaton) just did a $115,000,000 financing at .25 cents last month and Canaccord Adams, GMP, BMO and Scotia Capital (all companies involved in the trading of MMA over the last couple of weeks) were all involved in this deal.
I don't have any concrete knowledge of this, but because everyone has been throwing around the .40 cent financing as kind of "done" deal, it usually gives the Underwritiers the guts to propose a cheaper deal and in these uncertain times the Issuer will often go along.
Hope I'm wrong because I'm in higher but that's the penny stock game-still believe this has great upside potential-just may take a little longer.