RE:RE:3.55 Bought dealOr they shorted OGI above $4 and covered with the BD shares. This sector is heavily manipulated, and the sooner you realize that, and how it happens, the sooner you can start playing the games too. But we'll always be on the outside
AlphaSierra wrote: I did alot of reading about the press releases about all of the bought deals that OGI did.
This is only my opionion and I could easily be wrong. But Dundee resold all those shares prior to the announcment I believe. And from the looks of the charts/volume. Most of them were sold in the $3.80's range, and was most likly very profitable for Dundee. Only 2 day's prior to the annoucment, shares were priced under $2. How in the world would have Dundee known share price would rise to over $4. Rigged thats how.
gordon109 wrote:
As long as this price stays below 3.55, I assume this means Dundee can't do anything with the shares they purchased. Is there any kind of consequence? Maybe OGI will have more trouble with bought deals down the road. I think it's the only bought deal standing now that's below the sold price? Must be frustrating for Dundee. And probably reflects poorly on OGI's share strength. Or maybe this kinda thing happens more often then not...