RE:Insane Volume. LIO on Echelon Watchlist.TonyDj wrote: Echelon Watchlist as in we are doing the PP.Haven't seen that kind of volume and reaction in Lion One shares. I would of thought raising $10 million would be a good thing.Still can't understand the panic for Lion One Banking $10 million . Retail panic just as we are in the middle of a drill program - majority of retail don't know what they are doing.
The volume was due to current investors, who are in the club, selling at 90 to $1.08, KNOWING they can buy their entire position back again in two weeks for a guaranteed $.80.
You get a guaranteed profit and a warrant to boot. Sweet deal IF you can get it.
Let me lay it out. If you cannot participate, YOU just lost 25% of your future profits (that's your dilution) to a deal that did not have to be done now. This deal was NOT A fair deal, it was a gift to the boys in the big club. Non accredited investor? Sorry no soup for you. US investor? Sorry no soup for you. Rich guy? Christmas gift. Instution? Christmas gift.
It was a sweetheart deal for a few choice investors...all at the expense of the rest of retail who had their investments diluted by share price inflation. Why not wait until assays? Why not close to current price? Why include a FULL warrant? Why do it now? Simple theft is the answer.
Icarus