GREY:MWSWF - Post by User
Post by
aweighon Dec 18, 2014 7:37pm
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Post# 23246925
There are only two reasons for a delay in my view
There are only two reasons for a delay in my view1) The money hasn't been recieved yet and the actual receipt of funds, not just the intent to invest, is a requirement before announcing that a PP is closed. Most PP's take weeks to close even when there are only a few placees so a couple of days past the anticipated closing date isn't a concern. They were probably a bit over zealous with that closing date !
2) Galena might be trying to negotiate a better deal. I suspect that the negotiations started weeks ago when the pricing was in the .15 range so a .12 PP was reasonable then but the stock was crushed down to .02 prior to the announcement so maybe Galena is trying to modify the terms a bit, I would prefer a .12 PP but if it's changed to .10 or modified in some other weigh I'm not going to lose too any sleep over it.