Post by
ScarletSpider on May 19, 2021 8:52am
Let's See How Long It Takes To Eat
through the 8572000 shares. I have a feeling there will be several rounds of these to meet the $100 million requirement so Prad in truth relatively speaking did not lie. There was no dilution until this point to raise 100 million. If this goes fast that will be great that way the other rounds can be priced up. If not then it will be a bit annoying and the other rounds may be priced down. The company is most likely going to have several of these now to finish what is needed. Contingent upon that it will consolidate to fulfill the $5 listing share requirement at least that is what I see going to happen. I think the shares will get chewed through. Those who feel betrayed will likely dump and those looking longer term will buy feeling good they are getting shares at or under the bought deal price. I personally dont like the price it is .10 a share lower than the minimal I would like but whatever. Like I said down to 1000 and they are not going anywhere for some time. If I want to sell them I am looking at a $10/share preconsolidation or if on a 5 to 1 a $50 post consolidation. I will have to see what I do when things happen after starting to trade on the Nasdaq my cut line price on the fall will be $25 per share or half of what I am looking for. The Nasdaq can be very nasty with quick rises and falls I have seen that several times with newly unlisted companies so it is extremely important this company has very strong foundations projecting ahead. All does not glitter like gold on the Nasdaq be very careful there will be very strong volatility early.