PINL:VLTAF - Post by User
Post by
ALLEN4on Dec 04, 2011 11:38am
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Post# 19290327
ER private placement - parallels to Volta
ER private placement - parallels to Volta
ER just did a private placement at $2.20 an 80 percent premium to friday's close at $1.21. ER is a bit smaller than Volta and has a market cap of 114.91 mill. I think it is instructive to our situation at Volta because ER had reached highs of around $2.20 on high volume but since then has suffered the same mailaise of low volume trading that we are seeing with Volta. This pp shows that a serious investment of any substantial volume (2.6 million shares in the case of ERs private placement) requires the investor to pony up a share price reached on higher volume trading - and that some of the recent low volume trading/ non-trading can be misleading if one looks to the recently traded share price as an indicator of the company's value.