IMHOIf CNC does a p.p. at $3.95.....good for them. ...I`ll bet my shares against the new comers, institutional or not. $3.50 would be a great offering.
It will only set solid base and book value.. Of course...,the higher s.p the better!
I for one have never seen a management team consider small time investor`s interesrt so much!
They easily could have raised money at under $4.00 $3.00, $2.00, and we would have all gone for it!!
Could be smoke and screen...but Selby has a rep. to uphold and is building it up on trust and transparency. He has a proven track record for executing and is worth so much more if his reputation holds.
Only MHO.....see you at $5.50 before the Prelim. Economic Assesment I hope.
Good luck to all longs... just remember that over 50% of trades are done with algorityms and quants which have nothing to do with company valuations. Low volume...low returns unrtil the tides turn!! And we are heading up!
IMHO