GREY:MYMMF - Post by User
Post by
WeeblesWobbleon Jan 14, 2019 3:30pm
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Post# 29229551
Concerned
ConcernedThe pricing of the first tranche does cause me some concern because it seems rather deeply discounted from the 10 day and 30 day closing averages. Plus the exercise price of the warrants seems on the low side given they are good for three years. Unless the prices of $0.41 and $0.64 are in USD. Then the pricing would be pretty much spot on. Too bad MYM did not state which currency was being used in the PR.
Offsetting the low pricing is the fact that the shares are subject to a 4 month hold which stops Alumina from realizing immediate profits.
That said, some person)s) has/have provided $1 million (CAD or USD) to a company that still does not have any licenses. That person(s) is/are showing some serious faith that MYM mgmt will deliver.