Stingray Group Inc T.RAY.A

Alternate Symbol(s): STGYF | T.RAY.B

Consumer Cyclical Broadcasting - TV

Stingray Group Inc. is a Canada-based music, media, and technology company. The Company provides TV broadcasting, streaming, radio, business services, and advertising services. It also provides an array of music, digital, and advertising services to enterprise brands worldwide, including audio and video channels, over 100 radio stations, subscription video-on-demand content, FAST channels, karaoke products and music apps, and in-car and on-board infotainment content. The Company operates through two segments: Broadcasting and commercial music and Radio. The Broadcasting and commercial music segment specializes in the broadcast of music and videos on multiple platforms and digital signage experiences and generates revenues from subscriptions or contracts. The Radio segment operates several radio stations across Canada. The company distributes its products and services through various platforms that include digital cable TV, satellite TV, OTT, the internet, mobile devices, and others.

TSX:RAY.A - Post by User

Stingray Group Inc

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Comment by eljoroon Oct 04, 2017 1:02pm

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Post# 26775974

RE:RE:Bought deal financing

Banks/Investment houses have agreed to buy these new shares at $9.20 and will then place them with clients. Deal officially closes around Oct 24th.

Typically with bought deals shares immediately trade down to the share price issues, and sometimes a bit below (as we have seen today). There's not impetus for the shares to trade above $9.20 until all those new shares are placed by the houses that subscribed to the deal.

Hope this helps.
El Joro

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