GREY:ATBPF - Post by User
Comment by
MrMugsyon Feb 18, 2021 12:12am
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Post# 32592899
RE:RE:Bought deal - placement
RE:RE:Bought deal - placementTriumphSpitSix wrote: I don't see this as bad news. For $12, an investor gets 2 shares and 1 warrant, which they will pay $7.50 to exercise for 1 more share. So that's 3 shares at $19.50 total or $6.50/each, just a ~7% difference from where we closed today. AND they're cashed up so in a much stronger negotiating position going forward.
All good as far as I'm concerned.
themagicbox wrote: Did anyone get in on the placement? Closed at 6:30 today. Not a bad deal for the free warrants.
Underwriters will likely keep the price above $6 till the BD closes on the 24th for those that are concened about a plummet. Usually its the penny flippers that care about the day to day.
The big money knows understands the value, and likely got in on the placement. We'll get to see the PH3 with free warrants. Like I said before, look at this month to month and I am sure you'll be very pleased. This will be frustrating for some, but the bigger picture is what matters and we know what we own.
Right Triumph ... not a bad price for cashing up.