Another CommentJust to folllow up on another comment I read on this forum.Those who bought a PP position at $1.30 are not shorting the stock and replacing the shares with the PP shares.
Why would they buy at $1.30 and short FIU down to $1.25 and lose money????
Perhaps at $3.00 they would just sell their shares....and...if that happens prior to the release period of the PP shares, then they would short and cover to realize a 100% ++ profit.
No crystal ball here, just common sense.
The stock is being held until all financing approvals are secured. ...i.e. Africa, TSX etc.....two weeks or less.