Thinking Out Loud I notice the PP terms , ( a non-brokered private placement, subject to acceptance by the TSX )..
I notice on Depth Chart the ASK volume bulk of shares sits at 4 to 5 cents. The traders here are still flipping there 2.5 cent shares at a profit.
The Non Broker PP , means the Side Streets gangs will see no hand outs or bonusses and no Free Warrants..
Once the PP closes and Consolidation happens then the small share float will adjust share price to new 15 cents PP price.
The PP will have a 4 month hold and Warrants are priced at 32 cents.News will see a better response with a tighter float.
New Investers,..The USA funds , once share price rises over 25 cents then US funds are elegible to buy...
PS,..selling here to buy into the PP , ...this is a Non - Broker PP,...check with Bay before selling just in-case there are restrictions on buying..into PP,..
Let The Drills Be Our Friends
Traps7