GREY:RNKLF - Post by User
Comment by
Stoogeon Jan 22, 2019 11:46pm
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Post# 29268613
RE:Volume and the recent PP
RE:Volume and the recent PPawacs1 wrote: RNX recently closed a PP for about 20.2 million shares at .46 with a standard 90 day hold period. Over 20 million shares have traded in the past two days. It would be a good practice to lock in the profit on the PP by selling against delivery of the PP shares. Is this a form of manipulation?
I don't see anything about a hold period. It is usually 120 days IIRC. Most of the financing was a bought deal by brokers and those shares are probably already mostly sold.
The rest went to Sprott so even if he is required to hold them he still has other shares which he is free to sell. He has declared he may buy or sell at any time.