OTCQX:PALAF - Post by User
Post by
langeron Sep 28, 2011 1:13am
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Post# 19091716
It doesn't sound overly promising for the SP
It doesn't sound overly promising for the SPI've never heard of a "bookbuild process" being used to determine the bought share price for a private placement. The lack of detail is confusing. Are they getting book or book minus a discount. It seem as though they are scraping the bottom of the barrel for the money, and won't be favorable for existing shareholders. Regardless, whatever the value they determine the private placement shares to be is where it will open when trading resumes. Hopefully the dilution won't be to bad