TSXV:MRS.H - Post by User
Comment by
illumination1on Nov 03, 2017 11:31pm
![](https://assets.stockhouse.com/kentico-cms/0340-00/images/Sprite.svg#id_Post_Views_Icon)
107 Views
Post# 26904984
RE:CIBC definetly upto something!
RE:CIBC definetly upto something!those are large amounts of shares that someone(s) are buying through cibc. It is really hard
to make any type of comment or even speculate, however, can a bought deal be signalled with this. When pat announced a bought deal it wasn't too long after Merryl Lynch was buying up massive amounts of shares in the open market. If this is the same thing that is going on here this has the markings of a bought deal about to happen which will make sense as regardless of what the company gains from the purchase orders it can always use more cash to be flush enough to carry out being able to keep manufacturing the orders. It will also, here is the trade off, give anyone a cheap entry price relatively speaking. let's assume that upon normal circumstances we figure this will exceed .37 it is possible that a bought deal can come in at .50 and in sums of 10 plus million. I haven't really liked all the shorting that has come with them as seen in pat and will most likley hit a stock i just acquired within the last two days ltv which has warrants exercisable at .65. so there are early trade offs and pains where the stocks become a trader's paradise and the brokerages will gain every which way.
I am smelling a bought deal coming here and I won't be surprised given what this company has been doing but this is all really premature and speculative on my part as the buyer may be an individual or several individuals not really tied to cibc having a hand in potentially being an underwriter but i am definitely not ruling this out. Either way bought deal or not it is really good to see a strong interest here but from one brokerage yeah that makes me wonder and the reason i raised the bought deal scenario. Let's see where things play out here but i will say i won't be the least bit surprised if we do see a bought deal very soon!!! Have a wonderful weekend everyone.
good luck to all.