RE:RE:RE:RE:RE:RE:RE:Placement In case anyone is trying to compare the Unit to the share, the unit costs $2.71 and gets you 1 share worth about $2.59 and a half a warrant worth about $.12. You should compare the $2.59 they got to the current NASDAQ quote of $2.65 or so. Right now, the unit is a cheaper way in than the market quote. No doubt you'll see some quick traders in there post 19th. You'll also, surprise surprise, see all 3 brokers upgrade and put buys in it. The upshot is we will likely see for the first time 2 NOV valuations of the pipeline and one wacky 2023 EV/EBITDA multiple valuation or something like that. Problem is, they've likely sold the units to whatever interested brokers and clients they had but we8ll see.
Greenviolino wrote:
@archeo.
A bought-deal means that the lead broker is writing a check to the company. Therefore the broker is on the hook for any shares that it cannot place. It also explains why the commission on such deals is higher. Give Mackie some credit for having found buyers for the share offering.
The stock is under pressure now because the issue is probably not completely sold yet. Tomorow will be a strong test because settlement of the issue is Jan19. Speculators will sell if they don't make a quick buck. If the stock doesn't move much within the next week, this will tell us that Mackie still has shares to place. So for those complaining they were not contacted to partipate, you have an opportunity to currently buy below issue price in the market. Now, who wants to debate whether this financing is worse than the convertible debt issue done a couple of years ago?