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North American Gem Inc V.NAG



TSXV:NAG - Post by User

Comment by Zorro99on Sep 09, 2010 12:40pm
420 Views
Post# 17429749

ivanhoe2, we will see if I'm right soon enough !

ivanhoe2, we will see if I'm right soon enough !What I think with that "intends to issue up to 12,500,000 units at a price of
.08 per unit for total proceeds of up to $1,000,000." 
This seems to mean that this will be snapped up very fast and then the SP will go back to it's usual level. Unlike the last time when they announced it @ 0.12, the SP went lower than the offering....bad news, so NAG did not have much choice, but at least they are limiting it to $1,000,000.
JMHO
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