RE: RE: RE: RE: RE: RE: RE: RE: RE: My theory on pFranklin, I've been reading your posts and completely agree with everything you're saying. I've said similar things earlier on in this chain.
Fact: TD has had clients buying this off the report. It's not just the firm. Opinion: 5mm shares at 50 cents is only 2.5mm in capital. It should not be hard to believe that an analyst that called VEN a buy at 1.00 can incite that kind of enthusiasm. Personally, I believe TD will continue to buy today.
Fact: CAN will need to raise cash. Opinion: Earle included dilution at 50 cents due to an issue in his 1.25 target price. I don't know if this is foreshadowing, but I would imagine due to conservativism that would be on the low side. If we see positive markets for a while and then a pop off a NR in a few weeks, it could be 60-70 cents. That being said, I think when it happens, the share price will trade well above the issue price as there is good sentiment and I believe the issue will be oversubscribed.
I like everyone else am deciding what to do with my shares. I almost sold them at 62 cents yesterday anticipating a drift down to high 50's and an eventual 50 cent issue. The question I'm asking is, how much do I gain by selling at 62, waiting for a drift to 58 and then watching the share price bottom in the secondary market at 55 cents after they announce a 50 cent cash raise? (keep in mind: this would be lowest price they'd raise cash at) I am a self-directed investor and wouldn't have access to the issue. The way I see it, I will hope for a better case scenario of a cash raise at 60 - 70 cents meaning I'm not going to sell yet.