RE:RE:RE:RE:RE:IRThat is indeed a fair question. I think that the key here is that if someone wanted to buy a few thousand or tens of thousands of shares, they could grab some right now at a good price. A few at a time, if they are patient. The risk is that the SP elevates in the meantime, raising their ACB, and possibly even resulting in the proverbial "missing the boat" if a positive NR occurs in the meantime before they are able to buy all the shares that they really wanted.
However, if a serious Accredited investor wanted to grab a serious number of shares in the short term, at a guaranteed set price, the best way to do so would be via the Offering because there are millions of shares available, as outlined in the Prospectus.
At least, that's my two cents. GLTA!
Bully88 wrote: Genuine question/ concern here,
Do major institutions invest in a PP at a certain price if the stock is strading .10 - .15 cents below the offering?
if an institution has agreed to buy at a certain price but the shares go down the way they have today, do they have the option to back out and just buy at the lower price?
would this be a risk of not having anybody participate in the offering?
thank you for your informed, eductated responces.
Cheers,
Bully