Post by
Swiff64 on Apr 29, 2020 4:50pm
Why the RS has been made at 0.94 c.
On the 28th the navps was estimated around $0.45c so I thought the RS would have been around 20 times that number... 9 bucks. Why have they done the RS on the closing price (20 x 0.94c = $18.80) ? Are they gonna reajust all this again (- 50%) when they'll take new susbcriptions ?
Comment by
PascalMoney on Apr 29, 2020 5:56pm
Stock price was .94 at the closing. I dont know why we always talking about the nav price here. ETF is like company stock. Trading price is the share price, not the company value divide by number of share.
Comment by
madboy2 on Apr 29, 2020 6:39pm
you should not trade ETF. ETF trade thru the NAV. Currently it's because the subscription is suspended. So it's trading like a share. As soon they open the subscription, it will trade very close to the NAV (less than 0,10)
Comment by
Swiff64 on Apr 29, 2020 8:34pm
Thx for your answer Madboy2 I thought the subscriptions were re-opened this morning following the RS.
Comment by
madboy2 on Apr 30, 2020 5:53am
a quote from the PR. I repeat you should not trade HOU or HOD unless you short. It is imperative to note that units of HOU and HOD have traded, and are expected to continue to trade, at a substantial premium to their net asset value while subscriptions of new shares are suspended. The manager continues to strongly discourage investors from purchasing shares of HOU and HOD at this time.
Comment by
Topper00 on Apr 30, 2020 7:32am
I have yet to see substantial
Comment by
JettJava on Apr 30, 2020 8:55am
Good Morning .... another day and here you are on the corner yelling into the wind. Same old Same Old .... very Old.... do you do anything else?
Comment by
Maxwell1 on Apr 30, 2020 9:28am
Hello, When will subscriptions of new shares are unsuspended? Will we have advanced notice? Thx.