OTCQX:PHVAF - Post by User
Comment by
VENManon Jan 03, 2018 6:31pm
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Post# 27275164
RE:only Up 1 cent??
RE:only Up 1 cent??I cannot belive se are Up only 1 cent. After big news we had Product on 550 store. Sun Product are on 650 store and they are Up 86%. Can Anybody explain??
I'm going off the top of my head so sorry if the numbers are wrong but many have shares at 40 cents and warrants at 75 cents. So they sell the shares they got at 40 cents now and hold the 75 cent warrants. They do this to make a profit quickly, have money for future deals that may come up and also to have the money to buy the warrants at 75 cents when the stock is trading over $2. It's all part of doing an IPO. Once the 40 cent paper has gone into stronger hands the share price will move up very quickly. It's hard to say when they will finish selling but as long as the volume is strong you can assume it won't be much longer. I really hope we go to $10 fast. I can't see why not. This Management Team could ask for $100 financing and I'm sure they would get it. ALL IMO!!