OTCQX:PHVAF - Post by User
Comment by
THCbeverageson Feb 01, 2018 10:38am
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Post# 27478939
RE:7,187,500 more shares to be free trading by Feb. 11th
RE:7,187,500 more shares to be free trading by Feb. 11thPhivida's share price has fallen by more than 35% since I posted this. This was a predictable drop with a clear reason for why it happened. It doesn't mean that Phivida is a bad investment (I actually think it will be a great one). It means that you should trust posters who actually provide insight that benefits readers, so that they can make/save money.
THCbeverages wrote:
If Phivida's share price stays above $1 until January 22nd then the IPO warrants will be accelerated to expire by February 11th (20 days notice). This means that 7,187,500 new shares, which will be purchased for 75 cents, will enter the float. You will see many of the big holders exercise their warrants and then sell them in the market to take their profits and push the stock price back down so that they can all stock up again as low as possible. Just be prepared for this and don't blindly listen to the pumpers here.