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Dynamic Technologies Group Inc - Class A ERILF

Empire Industries Ltd designs, fabricates, manufactures, erects and sells proprietary engineered products internationally. It operates in the segments of Ride-Systems Manufacturing, Parts & Service and Corporate & Other segments. These include Design and manufacture complex ride systems, Provider of parts and maintenance services to existing ride systems. The group operates its activities internationally.


OTCPK:ERILF - Post by User

Comment by hawk_on Oct 27, 2017 9:53am
111 Views
Post# 26867526

RE:Oversubscribed?

RE:Oversubscribed?
True Jimmy, it is only what I 'think'. First: there is a small float due to a large insider holding. These are the people that crafted the deal and will obviously participate. Accordingly Second: there must be no appearance of favouritism and evidence of fairness to shareholders. Hence a bought deal would smack more of dirty pool than 'cleanness'. So, and in keeping with the concept of rights, rights were .15 of actual shares. Not the usual casino 1 right per share of mining companies. Moreover the rights did not trade on the open market other than up to the record date. Note that it did trade at about a .05 cent premium (10%) allowing some who felt they had to raise cash to exercise their residual. On the board here are a lot of small shareholders, still the number of partial lots after exercise should be minimal. Third: and most important to me has been the trading pattern. Particularly level 2. Very little on the offer vs ask even now after record. Note how quiet everyone is. And it will be until this is wound up. All thoughts, and probably prayers. Cheers
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