RE:2016 Private PlacementSo much wrong with this post - First of all - who is Eric? - He's deffiently not a part of the Fandom team.
Second - the warrants are exercisable at .10 per common share for two years from closing (the Private Placement) on May 26th 2016 - The post below written by "Eric" says the warrants are exerciable in 2 years - the post was written by a serioulsy uninformed and inexperienced investor
Third - the warrants cost .10 - who in their right mind is selling free trading shares on the open market at .11 to but them back at .10 - to make a penny? - this is a not happening - I can assure you of this!
The post reads as if it was written by a teenager - spelling mistakes - phrases like "this sucks" and I will be "loading the boat" plus talking about buying now and flipping it after it "pops" at .15 - this is ridiculous!
You think FDM management is affiliated with someone who is saying "sucks for anyone who wanted to sell today" and "opportunity for those looking to flip after it pops backup over .15" - this is a joke and let me repeat myself - the number of warrants from 2 years ago are NOT playing into the sp today - if we were trading in the .20s then yes maybe - easy double for warrant holders but we arent and the number of warrants were a small number compared to the total number of FDM shares out - GL ALL
Nealy24 wrote: Hi Everyone, This post is courtesy of Eric Bau from the Facebook investors group. This is some more great info he's been providing everyone with lately....Cheers Hey guys, I've been reading the boards again and have been noticing alot bs going down in stockhouse about the current Price action. People are making up a ton of lies about Management calling up PP holders at .15 and asking them to step up and help. I think I also read we are going down to .08 cents. All of this of course is just fear tactics trying to freak out the misinformed. The reason we are so low right now was that in May 2016 back when fandom sports was called Hatch Technologies and was ran by Blair Naughty, they did a private placement and issued warrants that were exercisable in 2 years which will be a few weeks from this date. These warrant holders are selling their original shares that they bought in a private placement at .05 and are freeing up money to purchase their warrants which are worth .10. The selling happening right now are those original shareholders selling stock to be able to exercise their warrants. I expect the sp to hover around .11 until they expire at the end of May. This sucks for anyone who wanted to sell today, but makes a HUGE buying opportunity for those who were looking to hold anyways. Also a hug buying opportunity for those looking to flip after it pops backup over .15 + after the expiry. Just want to give everyone a heads up of the opportunity they have been given. I will be loading the boat.