Royal Nickel Corp. RNKLF

RE:Highs after RNX bought deals

[BillionaireBoy]

pierreg wrote: Highs after RNX bought deals: RNX on April 18th 2019 closed a bought deal at $0.49 & on June 21st 2019 they hit a high of $0.71. January 16th 2019, they closed a bought deal at $0.46 and hit a high of $0.75 on February 13th 2019. Past market behavior tends to be a good predictor but not an exact science. The shorts are aware that the bought deal offering is scheduled to close on or about September 19, 2019 and that the stock will likely increase thereafter.  On stock platforms they are trying to entice newbie investors, undecided ones to sell and potential ones, not to buy RNX.

This happens because when the "Bought Deal" is announced the Market Makers will short the shares down to the "Bought Deal" price and sometimes a bit below that price on the day of the announcement. That is what really annoys the investors. The price of the 'Bought Deal" is usually around 20% below what the shares are trading at. When the Market Maker takes delivery of the Private Placement then they have essentially already covered their position. They will continue to accumulate the shares at the lower price until the placement closes. Once it closes then they bring the share price up once they have established a big enough long position in the shares. They are usually able to do this after the "Bought Deal" and frustrated shareholders sell out at the lows. In fact there is a lot of market manipulation happening around these deals. GLTA RNC Longs.