GREY:FLWPF - Post by User
Post by
davgroon Feb 22, 2021 12:03pm
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Post# 32626731
Drop in FLWR Share Price since Public Offering
Drop in FLWR Share Price since Public OfferingThe market is not impressed with FLWR's recent $15M bought deal financing @ CAD $0.51 as is evident by the 20% discount the stock is currently trading at.
I would not be surprised if the share price in the offering is re-priced downwards before the March 4trh closing date. There has been a daily decline in the share price since the February 11th announcement. I wonder if it is TRCE shareholders unloading their holdings. Why would I subscribe to the $0.51 offerring (regardless of the warrant) when I can buy at the current market price which is discounted 20% ?