RE:When is this going to blow up?Excellent post on Yahoo from Wade, hold on to your share.
''To dumb it down a bit...think of it this way MMEDF shareholders. Currently there are two "stores" at which to purchase MindMed shares: (1) the NEO/OTC open market; or (2) the bought deal via CG, CIBC, etc. (which has 18-20M shares to sell). If the sale price at one store is higher than the sale price at another store, all of the relevant customers will flock to store #2 (or vice-versa). In our case, as small retail investors most of us do not have access to store #2 (the bought deal). However, most high net worth investors or institutional investors do have access to store #2, and thus will not be purchasing at store #1 (NEO/OTC- the open market) unless the price offered at store #1 falls below the price offered at store #2 (which equals the bought deal price of USD $3.45 - minus the value of the associated 1/2 per share warrant). This is the primary reason why the volume has been so much lower since the bought deal as announced. Most (virtually all) savvy/sophisticated investors are choosing to buy at store #2 (bought deal) at the USD $3.45 per share + a 1/2 share warrant (option) exercisable for 3 years at an exercise price of approximately USD $4.54, instead of buying at store #1 (the NEo/OTC- open market) for the current trading price. This may seem counter-intuitive, but is on account of the value the HNW/institutional investors are placing on the accompanying 1/2 share warrant (again, good for 3 years with a USD $4.54 exercise price). Once the bought deal closes and all shares have been placed by CG, CIBC, and the other underwriter, then store #2 closes and any HNW/institutional investor looking to take a position in MindMed can only do so at store #1. And walla...the volume will magically return. After that...with ETFs, uplist to Nasdaq and investment thresholds met for larger institutional investors (think $5 and $10 per share traditionally) wherein they will take larger positions decreasing MindMed's float while a whole new crop of retail investors gets a crack at the stock...and you can see why now would be a very, very, bad time to sell. As others have said...you'll thank me later.