RE:RE:RE:RE:RE:RE:L2 Mid afternoonTGIF's MM is Canaccord.
TGIF's broker of record for the offering is Canaccord, with Beacon.
Start with the liquidity agreements between TGIF and Canaccord, what are the terms and what is the spread?
Next, does TGIF participate in share lending arrangements, if so, in what capacity and with which brokerages?
If a MM or broker of offering has price stabilization requirements within a prospectus, they need a mechanism to be able to control the market - share lending is, IMO, a viable route to achieve that control.
Let's not forgot 9% of the company held privately. What was the CSE's percentage of ownership reporting threshold again??? ;)
Lastly, let's not discount the influence of convertible hedging - and with no minimum hold period on the units, this prospectus is a con-hedge dream.
Example:
I subscribe to 10 units at $1,000k/unit for $10k.
These units are worth 2,222 shares each for a total of 22,220 shares @ 0.45.
At the same time, I short 22,220 shares. My share structure is now net zero.
It would cost me $8,443.6 to short 22,220 share at $0.38.
My total cost for the units is now $10,000 - $8,443.6 = $1,556.4
I earn 10% PA on my initial $10k , or $1k PA.
The kicker is that my actual net cost on the unit (accounting for the accompanying short) is $1,556.4.
That means that I'm earning $1,000/$1,556.4 =
64% PA on my investment with a risk spread of ~15% (the differnece between per share value of the unit and short entry position.
And you wonder why people sell at these levels... lol
SwissCheese89 wrote: Could you please tell me how this manipulation from the company exactly work?