RE:RE:RE:Canadian coin money guyRiskSmart wrote: "2 of the 3 current Analysts covering this stock, said we were fairly valued at $4.00 with 1/2 warrants."
This claim is incorrect. Note their target prices. Don't mix up bankers pricing the deal at $4 as having anything to do with the analysts.
Are you saying Raymond James is not really Raymond James? And the same with Paradigm Capital? You are aware that Raymond James and Paradigm Capital were the lead agents on the Special Warrant Placement of Dec 2019....right?
Or are you saying there is a Raymond James the Banker, but has nothing to with Raymond James the Analyst? And the same with Paradigm?
If you are saying yes, then that is a crock. For Raymond James the Banker is the same entity as Raymond James the Analyst. And the same holds true with Paradigm Captial. And therefore I'll state it again....
Raymond James and Paradigm Capital will state that mCloud is a buy with a target price of $7 or $8/share in one breath, and in another breath......will price a large placement at $4/unit with 1/2 warrants, calling that fair market value.
And anybody with any amount of investing experience knows the game and how it's played. But this one was a little extreme! For I watched with great interest the rallying stock price on those buy recomendations, and then the ensuing [Anonymous] selling of several million shares during the month leading up to the placement being announced.
Who do you think is selling at higher prices than the ensuing placement?? One hand feeds the other! And the retail shareholder pays the price.