MYM Nutraceuticals Inc MYMMF

Healthcare Drug Manufacturers - Major

MYM Nutraceuticals Inc is a Canada based company engaged in the business of acquiring and developing natural remedies. The company is focused on the medical marijuana business by producing cannabis growing facilities and products.

GREY:MYMMF - Post by User

MYM Nutraceuticals Inc

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Comment by BuddyGuyManon Sep 28, 2017 10:36am

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Post# 26753285

RE:RE:RE:is it gonna do like yesterday

A private placement is new shares being issued (6,000,000 in this case) at a specified price ($0.50 in this case). The shares are sold to a private party or parties separate of the exchange. The reason a share price usually drops, is because current investors take the PP price as a cue as to what the value should be, and people start selling. However, if I was buying 6,000,000 shares, I'd also expect to be able to buy at a discount to the market price, wouldn't you? We all know MYM will be worth much more in the future, and therefore more people are buying than selling, which is supporting the share price and at the moment preventing it from dropping to $0.50.

Newbsinvestor wrote:

BuddyGuyMan wrote: Nope - we already hit bottom yesterday and are recovering. That didn't take long! Going up today.

LILPUMP wrote: up a penny down a penny up a penny down a penny up a penny down a penny up a penny down a penny

buddyguy, so the price being say .54-.55 what does this mean for the PP of few days ago at .50? wasn't the price suppose to be at .50 so people would buy into it?