$ 0.15 PP - WARNINGYesterday we hit $ 0.28 with SRC and $ 0.15 with HMI, so my investment in HMI PRE-split at $ 0,20, which was supposed to be a bargain price, would have left me with a 50% loss on my investment POST-split.
And all those people suggesting $ 1.00 plus for SRC POST-split should re-align their expectations !
I posted that information on the HMI board on June 15 (PRE-split !!!) to let people know that the anticipated $ 1+ SP is not coming straight away and to wait with buying AFTER the split :
Stakeholder PP for $ 0.15/ share ???FANTOMAS
5/15/2011 5:15:09 PM | | 253 reads | Post #29719555
I´m sure Joe Average won´t be able to participate in this PP. $ 0.15 per Stakeholder share will be restricted to friends & family plus Bay Street, I bet !
The Financing
On or before the Effective Date, Stakeholder will complete a private placement of 5,500,000 Stakeholder
Subscription Receipts at a price of .15 per Subscription Receipt to raise gross proceeds of
approximately $825,000.
On the Effective Date, each Stakeholder Subscription Receipt will automatically
convert for no additional consideration into one (1) Stakeholder Share. Stakeholder has retained the
services of Union to act as agent for the Financing. See “Approval of the Arrangement – The Financing”.
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This SP decline was clearly written on the wall and I´m glad I bought POST-split. Ballarat is good especially for an entry price sub $ 0.30 and I got more than double the shares compared to a PRE-split "bargain price" !
And stating that you wouldn´t get enough SRC shares POST-split was nonsense as well, as you can see from the volumes traded over the last few days. And I bet, we will see more dumping when a $ 0.15 PP share is a double at current prices = easy money !!!
FANTOMAS