You are going to be rich by friday! The math behind private placements, and the spirit of the four-month hold, show that while four months is a woefully brief amount of time to give a company to come up with some value to show for the investment, investors don’t typically want to put their money into an investment where they will be forced into a longer lockup. To some extent, the four-month hold feature is what generates the “four months plus one day” hold mentality that is the hallmark of many short term traders, and explains why so many apparently dynamic and valuable companies nonetheless suffer discounts after the expiry of four-month holds.
The trick, as most CEOs know, is to make sure you generate value as transmitted by press releases by the time the four-month hold expires.
Source:https://business.financialpost.com/investing/tsx-venture-set-for-correction-as-private-placements-become-free-trading
Its going by friday!
GLTA