TSXV:RHT.H - Post by User
Comment by
narmaron Oct 18, 2016 8:19pm
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Post# 25358524
RE:Strategic Private Placement
RE:Strategic Private Placement - Announcing and closing a PP within 48 hours.
- Having a consecutive placement for another 100k at a significantly higher price signifies that the demand from a last minute strategic investor was strong. Otherwise they would have closed the full amount in one placement.
- The SP has closed in the 14-15 cent range for the past 7 trading days, even with an announced PP at lower levels.
All these indicators support the point that I was making and is a very positive signal. I think we'll start seeing increasing interest and higher volumes.
The points above are of course my speculative opinions but i recommend buying what you can at these levels before they become out of reach. It could happen real fast.
If you want to be conservative and wait to see the increased volume, you will definitely by paying higher prices. Whatever your strategy, I would definitely keep my eye on RHT over the next few weeks.
Good luck to all, narmar