TSXV:RTI.H - Post by User
Comment by
Nastysaskyon Dec 04, 2017 8:42am
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Post# 27083252
RE:RE:RE:New 52 High today?
RE:RE:RE:New 52 High today?Any PP is a vote of confidence in this new industry. You're trying too hard to disagree. BuddyGuyMan wrote: Aurora is Radient's north star and biggest partner. It had already been decided that Aurora had the right to increase its ownership in Radient (as per previous releases). This is a single party private placement investment with preferential pricing for Radient's key partner. There is a BIG difference between this type of deal and the other kind of private placement you're alluding to: the kind where a company says "We need money! Come get your shares at a discount to the market! Who wants them?". In the latter case, there is usually a sharp sell-off, driving the price down to the price of the PP, while investors participate in the PP.
In this case, it's yet another vote of confidence from the cannabis giant that is Aurora. There will be no sell-off in this case. Quite the opposite.
Good luck all.
Nastysasky wrote: it doesn't matter. If it sells off on the news of the 1.37 private placement, buy it !!!