Post by
Dtraders1 on Feb 28, 2018 10:28pm
One last thing
BCN finished green today despite the bad news and a red market :-) If you have a good product and a great company who cares about an outsider who tried to buy from you but didn't conclude the deal....it's bussiness as usual and traders are too emotional and easily panicking for what??? For nothing really! Lol
Funny and how ironic LIX situation is, how many investor at first think the deal at 2,61$ was low and could have got better.....now that the possibility the deal doesn't close people are panicking when they should be happy they can get a better price in the long run.....How ironic all this is!
Good night all
Comment by
Pivotcatalyst on Feb 28, 2018 10:33pm
What are you talking about? The were not buying BCN they were doing a private placement for 20% of the company They will get 100% of LIX
Comment by
Dtraders1 on Feb 28, 2018 11:05pm
@Pivotcatalyst Are you for real? Maybe read the biding placing letter first!!!! It’s not just about buying shares! And by the way , your 45 cents/share for the 20 millions is wrong, I don’t know where you learned maths but maybe should think twice before trying to teach others!
Comment by
Pivotcatalyst on Feb 28, 2018 11:36pm
they were buying 20% of BCN through a PP If LIX has around 20 million cash now and gets another 20 million they have around 45 cents a share as stated by CFO today on the ph with me