RE:They are either going to reprice the offeringmicrocaphobby wrote: or the mm is going to step in and buy.
No reason for them to say anything anymore...Co. said they 'assumed' Maxim Group would sell the shares at $7.25usd....the mkt said go to h e l l Marc,which lead Maxim Group to "lower" their pricing to $6.00usd....the mkt said sure thing Maxim Group....I will give you $4.00usd a share right now(or lower it seems)...take it or leave it...Maxim of course did the prudent thing and sold the offering to anybody willing to buy...!
Maxim upsized it alright...demand was so great!! Alot of shareholders would love to see $9.43cdn...0.065 x 145 s/c....again,even though that is a disgusting price target to begin with. glta
****Averaging down anybody? Betting the street has Marc all wrong?****
"Our Common Shares are currently trading on the TSX Venture Exchange (the “TSXV”) under the symbol “SIM”, the OTCQX under the symbol “SYATF,” and the Frankfurt Stock Exchange (the “FRA”) under the symbol “WK3D”. The public offering price and underwriting discount in respect of the Units corresponds to (an assumed public offering price per share of $7.25 per Unit." "
We have granted a 45-day option to the representative of the underwriters, exercisable one or more times in whole or in part, to purchase up to an additional 227,586 Common Shares and/or up to an additional 227,586 Warrants at a price from us at the public offering price of $7.24 per share of Common Shares and $0.01 per Warrant, respectively, less, in each case, the underwriting discounts payable by us, solely to cover over-allotments, if any." https://www.sec.gov/Archives/edgar/data/1649009/000121390020027738/ea127176-f1a4_siyatamobile.htm