GREY:ISOLF - Post by User
Comment by
Updownsidewayson Jan 18, 2018 6:14pm
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Post# 27389220
RE:1.25
RE:1.25 It's actually pretty decent typical price action following a PP. Share prices usually sells off somewhat quick to settle around the PP price while they wait for it to close and the next catalyst to come.
But not always. Check out OGI's PP last year, at I think 3.55. I thought that would put in a decent floor, but nope, the sector correction and then I think also the recall issue took the price down into the mid $2's so it's obviously not a hard rule. But more often than not what's happening with Isol is almost textbook post PP price action.
Windy3 wrote: The private placement on Dec 21 valued the shares at 1.25 and that why I believe we are seeing the share price at that level. I don’t think it’s going much lower. Give it some time.