Supply and DemandThe July 28 new release indicated closing of the 47.6M share " Canadian bought deal" and 45.1M share " UK private placement" . From the bought and PP deals I understand the underwriters basically find buyers for 47.6M and 45.1M shares. To date from July 28 to now there has been 47M IAE shares traded on the venture. Any body beg to guess at what percentage of the shares traded to date can be attributed to the 47.6M that had to be sold into the market by the canadian underwriters? Once we are through the distribution of these shares is it not reasonable to assume the "supply" has been substantially reduced which results in subsequent "demand" and rise in stockprice?
I assume the assumptions we make with the bought deal can comparable to the PP in the UK.