RE:Exuberance mike49 wrote: Wonder what that fella at 2.99 thinks now
Bought deal at $2.25
https://www.stockhouse.com/news/press-releases/2017/03/06/lite-access-technologies-announces-12-6-million-bought-deal-private-placement
I figured something was up
Cheers
He/She is going to have to sweat it out, for a few months but I don't think he will have anythiing to worry about. As long as he doesn't sell as soon as it hits 2.99 again of course.
Check twitter, check past news releases (as vague as they are), check Virgin news releases, UK government demand for fibre etc, and think "What does a company that has paid up for everything with available cash flow, all of a sudden need 15.3 million dollars for?"
It's a bought deal. Insiders all own their shares still (except the Toyoda guy).
As a present shareholder, watching the price move on it's own quite handily, I am not a fan of the price point of this dilution. Mostly because I can't get any. But Cormark are brand new to this stock as far as I know, and this little bit of news is very comforting. At least we more or less have a new floor to the stock now.
Good Luck boys and girls
BWB