TSXV:VER.H - Post by User
Comment by
IronMan07on May 24, 2013 7:05pm
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Post# 21439199
RE: RE: RE: Getting a bit crowded ..
RE: RE: RE: Getting a bit crowded .. "There is just no way, at least in my mind that we should be trading at .37cents. It just doesn't make sense."
The reality of the Financing Market these days is the Brokers want their cash back, ASAP after the PP closes and they are happy just to ride the warrants for Free.
.40 PP minus .035 cents (Broker 8% commission) = .365 cents...this is why the share price keeps selling down to .365 cents.
If you are looking to buy shares...would suggest bidding .365 to .375 until they are finished selling or until a bigger bidder shows up. JMHO
All the best,
Iron