RE: RwU89 Private Placement June 17th 2010News Release in June 17th 2010
6,250,000 flow through units at .32 with a half warrant at .45 Hold period until Oct 18th.
As all of these shares and warrants are largely in the money, Especially the flow through! Eventually, we should see some inevitable shorting into this strength.
Hi fastone. You may be right about that, but you should consider who the major participants were to this FT funding and what they have been doing to date.
JMO, but if you look at Pinetree and Sheldon Inwentash you'll see that they have been and continue to be major supporters of GCU's stock price so I wouldn't expect to see at least them selling just yet. Considering the way Pinetree invests, I'll bet they stay here to see multiples of the current share price.
As for you "being out" of your traders, I would suggest you be patient and buy on the dips. I'm sure there will be dips, but not so sure how low it will go as support seems to come out of nowhere for this stock. Makes you wonder why doesn't it? GL