GREY:AVGCF - Post by User
Post by
martinboyon Apr 25, 2010 8:57am
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Post# 17028543
why is canaccord waiting until 10th May ?
why is canaccord waiting until 10th May ?Reading all these good guesses on the board .. something is still not clear to me.
I understand that Canaccord Adams pulled back the 0.70 placement to replace with 0.60 offer (getting more shares and a better deal).
It was obvious, that theywaited for Q1-2010 results to get a better deal OK. Ugly, but ok.
Why are they waiting now an other 3 weeks ?
There is no quarterly results or whatever to come ?
So - why to wait (what for) , after lowering the price to 0.60 ?
They just could close the deal in 1 week (or immediately) - with NO waiting at all, until 10th of May.
Any thougths ? What is so "special" in the coming weeks, that they need to wait ?
(Anyone could manipulate the shares to .50 with just enough volume in a few weeks.)