RE:RE:RE:RE:RE:Gold up againHi FB,
Just to clarify, I actually think the opportunity is based on the dog days of summer rather than the institutions selling "extra" shares of the bought deal. There is no way (imho) that a firm, whether tier 1 or tier 2, would oversubscribe, then sell into the market the days following closure of the deal at a loss. Selling in the days after the bought deal closed, in light volume, would not only do a disservice to the Client company (Alio), but would also do a disservice to the leads and syndicates - and I cannot see any lead doing this - makes no sense. The deal was not struck to profit today, it was struck as an investment for tomorrow.
My 2c, but I simply don`t see it at all.
That said, I didn`t and still don`t like that management did it this early in the process, so we will have to see how they justify it on the 10th of Aug during their conference call.
Cheers & Good Luck,
B