RE:RE:RE:Bids at 1.29 ?
Who really knows where the stock will go today or tomorrow -- i think most here would agree that 2-4 weeks out we will be higher than 1.30 assuming the overall market stays intact. Stocks go down on a financing typically when the people/institutions getting in on the deal sell their existing holdings at higher prices to participate lower and grab the half warrant....I can not be 100% sure on this but heard that many of the participants in this round are new shareholders and as such will not be selling to acquire -- so we may see this much firmer than a normal PP. The other reason stocks drop is because a financing done in a time of weakness or very very bad terms like a super cheap warrant for 5 years. The terms here are favourable and speak to the strength of the company - that is why they were able to offer a warrant considerably higher than the market. If i were a betting man i would say that within 2-3 days we are right back at 1.30......we shall see (this is partly dependent on the overall market and the general Li space)