RE:RE:RE:Wow 60 million pp now..... see pr.
As an accredited investors, I have participated in numerous IPOs and financings, with and without warrants. In fact I participated in two earlier ACB financings. Warrants are a sweetener, an enticement. They provide a source of additional funds down the road, assuming they are exercised. However I'm not touching this placement for a number of reasons. First, I'm in cheap due to the financings and the fact that I have traded this stock a few times, effectively reducing my cost base on my remaining shares. Second, again in my experience, investors, retail and institutional, will buy the unit, sell the shares and ride the warrant at no capital outlay. I suspect there will be significant pressure on the SP until the dust from this financing settles. Third, IMO, the market value of the company has gotten a head of itself and is trading at projected P/E ratios. It must grow into those ratios, 'projected' being the operative word. As a result, I have offered the majority of my ACB position for sale and will monitor the company's progress for a reasonable re-entry point.