RE: RE: RE: RE: RE: FinancingHey Bumble,
Nope, I definitely do not want it to drop, nor do I think it will....She would have done so by now if it were going to....Look at the track record of the past 4 PPs... you have been around just as long as I have (or longer), to know that this thing dives hard the next couple days after the announcement of a PP.
This time around nothing happened....nor will anything happen. I am not saying that it won't test 10 cents, cause it could....but many believe this will be at least 14 cents in June....Bryden being one of them via the guarantee. Also keep in mind that he can do whatever he wants with this stock.
If this were to be 14 cents in June, then if you bought in at 10....that would be a 40% return in 3 months.
From my vantage point, many will be forced to buy this one on the market over the next 6 months (maybe longer). That hasn't been the case in the last year and a half here. Do take note that Capital Street has been no where to be found in the past couple financings.....Not from lack of interest either.
Once this gets passed 11, the next level is 16 cents....There shouldn't be that much resistance there, as those with 16 cent warrants won't be able to exercise them until the latter part of June. People could still short the stock, but not many have that ability on an 11 cent stock. After that the next level is 18 cents, where a PP was done at....Not much resistance there, as the PP was small. After that, Trend will be licking his lips getting ready to unload his 20 cent warrants....Keep in mind that over 6 million of the 20 cent warrants expire on June 17th....and another million or so expire in July.
You are right, you do need to consider opportunity costs in other areas of the market.
Have a great weekend everyone.