GREY:MDCGF - Post by User
Comment by
fairchijon Aug 13, 2010 9:47am
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Post# 17347979
RE: Anonymous
RE: AnonymousRe selling by Anonymous. This would be short selling of the shares in order to finance the private placement. Basically anyone buying at todays price is financing the private placement. Buyers today get in at a price below the placement but no warrants. Not a bad deal really for those who can afford to buy right now. After this financing closes the selling pressure should be gone. The warrants won't be an issue for a long time to come.
Aug 15th short report will reveal the level of short selling to finance the placement.