RE:RE:RE:RE:WTF No offence but this seems like a silly game just to make a measly 10 cents per share profit before commissions to me. Do it with 10,000 shares and if it works out as planned you make $1,000 before commissions. There are simpler ways to make 3%.
Do it with something bigger like 50,000 shares and you might be making a big mistake. Unless you know something the rest of us don't, it is a guess at best that the financing will be at $3.25 and it could well be higher. Or we could get some unexpected good news when you are out.