RE: RE: RE: NR: Increases Private Placement to RaiSo im new to the stock market and just wanted to know if this is positive for the shareholders of pinestar or not?
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grasshopper, more cash in the till is ALWAYS a good thing
i suspect they will be adding a new property or 2 in the near future with all that cash jingling in their pockets
having said that
if you don't already own shares i wouldn't be buying too many at these levels (mid .30's)
most times, the price falls a little after a PP has closed
later
grasshopper,
I agree with dataman69's comments.
I'd add that, generally, most of the participants in a PP are institutional (funds, et al) or IAs (who control / influence / advise many clients' cash). Some of the PP participants are private investors with deep pockets. In other words all of the participants have or control deep pockets. And, generally, that bodes well for a stock, especially when it is relatively low on the market's radar screen. And, I also agree it could pull back and if it does then that would be a buying opportunity.
Caveat emptor.