TSXV:SGA.H - Post by User
Comment by
Goldbuggy2on Jun 08, 2007 9:44pm
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Post# 12917440
RE: Cheap Shot...kazinti
RE: Cheap Shot...kazintiI believe you bought these 2,100 shares at $1.05. I only suggested that this transaction looked very fishy because the seller was also from TD Securities, like you.
I only questioned it because I don't understand why a guy would sell his 2,100 shares at $0.15 below the last closing price of $1.20, or 12.5% less, on no bad news. So to me it looked like a short setup trick, which they play sometimes. So I am sure you can see why now I thought this way.
I do agree the share price for the offering is not determined yet. In fact I would go one step further and on to say the sale of these shares is not conformed yet. I understand that there may also have to be a shareholders meeting, to approval this sale, as well.
You may get in on the offering, if it does happen, but you may also be waiting a long time to buy any shares. I think you would have had better luck if you snapped up shares recently, on this lower present price range.
Keep in mind also that the shares in the offering could be selling for a higher price than they are today. This does happen sometimes to you know, and as I proved here recently.
GB