TSXV:RHT.H - Post by User
Post by
Mackooon Oct 11, 2017 8:50pm
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Post# 26802232
Great News
Great News As many had already noted, these are great terms for Reliq. Institutional investors stepping in. They would approach the company as there is no way they can take a huge stake on the open market. This is a great time to be in the stock.
This looks very much like when Grande West (bus.v) took off on the back of an increasing order backlog in early 2017. Share price went from around $0.60 to $2.00 before a subscribed pp at $1.95 was announced. It got oversubscribed and the stock price continued to $3.50 in the next month before settling down. Very similar setup in this case with multiple catalysts in the near term and most likely increased analyst coverage following the pp.