very market savvy poster here....look what he wrote before...a perfect call..
Have you not seen PP's getwhacked before? Check out CXT as one example. Everyone expecting greatthings and then bam. I'm just saying minimize your risk if you sochoose. If you stick your neck out too far be prepared for some neckpain as there are no guarantees in this business.
Management racesout to get a bought deal done at this level because they want to benefitfrom the high share price to fill the coffers while they can. Like theflying nun said, doesn't mean they deal can't be re-priced if thingscrap out. They have a month to work with and that time alloted was partof the deal, so they can see further results before signing zee papers.The retail investor then becomes the bagholder if results are sub-par.You buy at 70 cents, stock is halted. Sub-par results, it opens at 50cents (new bottom by the way). Bought deal re-priced and you pissed.
Onthe flip-side if the results are good to great everyone wins. I wouldlike to see further results before risking my capital, much like thebought deal players. Don't like the area that pending results areawaited. I could be wrong but I know a halt won't hurt me.