GREY:RDTMF - Post by User
Post by
MERC24on Apr 10, 2013 3:08pm
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Post# 21238058
more news
more news Wow now they are going to issue another 8.5m shares to get rid of debt. So in total that is 23.5m more shares.Mostly to insdiers who I gather are trying to average down from their .50 share pirce.Therefoe with the increase in outstanding shares to roughly 93m, if you do not participate in the offering at .10 and average down, you are unlikely to recoup your original investment. My new target price for this stock is now down to 1.34 from 2.00 unless they hit big on new discoveries.If they keep up issuing shares the target wil keep dropping.Although I did get stock at an average of .105 in the sell down, I am thinking of buying more at .10 to bring my average way down. Just think , you can buy 50,000 shares for 5k with no commission. Hmm makes us longs think hard. Any other long thinking of buying from the placement?