OTCPK:PALDF - Post by User
Comment by
BillionaireBoyon Apr 04, 2019 9:06pm
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Post# 29585300
RE:RE:$13.00 tomorrow....
RE:RE:$13.00 tomorrow....sunshine7 wrote:
interesting that there was no selling volume today even though this has likely been in the works for a while. Any institutional shorts now have their opportunity to cover with subscription. Other institutions will buy the shares, put out analysts and set TP at higher price. Brookfield is not done here as they previously said. The good news is that this is non-dilutive and not required for operational purpose. The increased liquidity and coverage will be very supportive of SP IMO.
I hope you are right but Brookfield Management is definitely giving BMO and Royal Bank a great deal @ $13.00. Wish I could have bought the majority of my position at that price! This is especially so when you look at the record revenues that PDL is posting! I am just wondering if the underwriters can keep the shares for themselves and promote the shares before floating them in the market place? 5.7 million shares can easily be placed with 5 different mutual funds or pension funds! GLTA Longs