Glad I sold my debs!!! RE: Arctic Glacier to IssueI really think that the 0.87cent close yesterday will be the HIGHEST share price over the next 30 day pricing period for the conversion. (short of someone trying to goose the share price to reduce the conversion dilution between now and then).
You are going to have MULTIPLE dumping dates with downward pressure!!!
1. Current unitholders going to DUMP now.
2. It will be interesting to see the deb price as I would think it will go down too since there has to be more than just me that didn't want units for my debs!
3. Current Deb holders will DUMP once they get their units Aug 2nd.
4. Current Deb holders that have a brokerage that delays crediting their accounts with the new units until a few days after Aug 2nd will also be dumping once they get their units.
Arctic said they will get the units August 2nd BUT I know I've had to wait days sometimes for things to show up in my account that I wanted to sell....only to watch share prices plummet when they weren't yet credited to my account.
I also DOUBT there are hedge funds that (still) held any AG!!!
https://www.stockhouse.com/bullboards/MessageDetail.aspx?p=0&m=29189218&l=0&r=0&s=AG.UN&t=LIST
39M shares currently.
- At 60 cents/unit avg price that means another ~150M shares issued!
- At 50 cents/unit avg price that means another ~180M shares issued!
- 40 cents, ~225M shares issued!