TSXV:RRM.H - Post by User
Post by
BFREE2on Oct 04, 2010 5:22pm
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Post# 17527048
Last Financing
Last FinancingFrom the last financing that closed on May 29 of this year, another 6MM shares would have become available for trading on September 14th. They were priced at 5 cents and came with a 10 cent warrant.
I suppose we should expect those participants to sell as soon as somone presents them with the opporunity to do so. As a matter of fact, the 5 cent shares that I bought today were likely part of that financing.........or the one before that. The logic being that they get their money back and then ride the warrants. There's no gamble if you're holding free shares.
I imagine that the sales we saw over the summer for .03, .035, .04, and .045 were all (or most) sold at a loss, with the idea, again, of riding the warrants.