GREY:CCTXF - Post by User
Comment by
ctblizzardon Aug 09, 2017 10:19am
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Post# 26560446
RE:RE:3 weeks for financials
RE:RE:3 weeks for financialsI am sorry I was not clear.
A few things, first to explain what I was getting at...
If they raise money I assume KR will be part of it. Lets just keep everything in current share prices for now.
Say KR puts in 100k. 100k at .7 cents per share thats 14 million shares (100k/.007) add that to his other stock and guessing at his cost basis on the other stock I come up with 1.6-2 cents per share after the private placement.
I figure for him and anyone getting in with high risk capital they would at least want a 4-5 bagger giving it a 7-10 cent price
Convert those prices to the revese split and you get the range I was talking about.
As to your point. If it does reverse it should be something like bid 15 ask 16 cents. Since the PP shares should be locked up for 4 months there shouldnt be much immediate selling pressure considering everyone else also has less shares to sell and most people look to be out.
While it is possible the PP is at a higher price or we think it should be , there has to be some compensation for holding for 4 months to sell. Given how on the edge Mezzi is perhaps the only way they can sell the PP is to say hey the stock is 15 cents, you are buying at 7 cents with a warrant.
Not sure what is going to happen. I think he could have closed this if he wanted to, but given the volume that took place and the releases it looks like it will have one last run.
Just my opinion though.