GREY:LGLTF - Post by User
Post by
britishcinnamonon Apr 28, 2015 8:10pm
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Post# 23674088
To Quell Algernon's Handler's Fears
To Quell Algernon's Handler's Fears Regarding the PP and institutions taking in profits:
News wrote: Pursuant to applicable Canadian securities laws, the Issued Shares and any common shares issued upon exercise of the compensation options will be subject to a hold period until July 18, 2015.
Clearly, the underwriters don't want the retailers to sell off until then.
Clearly, the financiers know how to make a profit with minimal risk. If they oversubscribe to the PP of a Canadian venture company, then, CLEARLY, they know what is good for them.