Pretty Simple to Me when to Expect news and not before
News or those expecting news and those trying to time news-and those underwater big time on Transgaming actually praying for news/
I have not weighed in on the presentations or debate as to "gorilla's in the midst" or "elphants in a quandry" related to characterizations used for news being imminent or characterized tobe out
the next day-etc etc.
For the one simple reason if one looks at the closing of the PP?
If you project out typically from a PP holding period-4mths from the closing
that is when news appx can be expected to flow...for those shares out of
lockup will be in play...and when you solicit and sell any form of capital
raising and get investors to accept and committ to a lock up period
and give up liquidity in exchange for bonus warrants?
Typically when I have taken part as an accredited investor in PP
situations in micro and small cap companies-you get into quite
a detailed presentation of appx with things going forward and
the possibilities that your capital put up will be in the money
coming out of lockup-for very few investors private or instutiional
will put up capital or agree to a lock up period with out reasonable
assumptions made on expectations they will see a return on their investment
and a reward for their commmittement (the warrants).
Having said that...there is nothing explicit in the langauge of the announced
PP financing at .20 that was over subscribed whereby in the language
of the release it states a 4mth period of lockup-typically this is
the normal period of lockup for brokered PP's-but without it
being stated in the NR and not having looked it up in Sedar
it cannot be assumed necessarily this 4mth lock up period
is in play.
So if there is no lockup invovled? blow all the above
out of the water.
But if it is?
Mark your calendars IMO sometime around that timeframe.
And a summer rally/bullish end run on TNG back to .50 and closer
to the .60 share price target put on the company-suites me
just fine.
Others will become impatient not yet removed their own principal
by not having the luxury of selling half of their investment already
and removing their own principal from the equation.
Whereas...I can wait...and everything Transgaming company related
and with the Gupta CEO is on que and proceeding accordingly to plan.
That being ...their's.
SS