RE: RE: PP May BE KEEPING THE PRICE UP??? What kinda BS are you trying to pull here stockgod3? You are full of it because what dart321 said is correct. And I have been around a while to know. In this case the venture exchange can ( I personally haven't heard of it happening to a company yet), but has the authority and power to nix a private placement on such grounds as it may be unfair to the common shareholders and very questionable integrity of insiders if the PP is too lopsided in favour of the insiders. And yeah generally speaking it keeps a lid on the SP to the PP price or below as MM insure that it does. I have seen share prices exceed the PP by say 10 or 15 % but that is not too often.
Also I would like to mention in fact I am surprised nobody has commented on the PP price of
.50 and warrants over
.75. Normally they would be listed below the current price useing a 20 or 30 day average sp which would be one heckuva lot less than
.50. My point is they know they have a tiger by the tail and things are moving very fast and as the blocks fall into place the SP is going to reflect this and it won't be long be fore the PP holders will be in the green and us with big smiles on our faces also imo.
cheers,
bn