GREY:SLHGF - Post by User
Comment by
1trofferon Jan 13, 2021 8:55am
108 Views
Post# 32283467
RE:September private placement share and warrants
RE:September private placement share and warrantsEquity4 wrote:
On Jan.26 35m+ shares come out of lockup and 75% of those have agreed to extend that until March 31. That would mean that around $9.0m additional would be available to sell ito the market and trade.
That's a lot!
Add to that that if the warrants are excercised SHG gets an additional $3.5m for treadury for 17.5m more shares. This means that effectively between Jan.26 and April 1 53,000,000 new shares could be flooding the market. The holders would realize an 800% gain on a share sell based upon the current SP.
Any thoughts on what this is going to do/could do to the SP in the short term? I love this company but I believe this may cause some real short term volatility.
GLTA
Unless PRAD does something material for the company, other than fluff news , with all the added shares, the sp will drop down to 1.00 again