GREY:NEVDQ - Post by User
Post by
emma1500on Nov 11, 2021 2:09pm
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Post# 34116087
Offering
Offering For people that are in for the long run and have cash and conviction, just think of it as right issuance. Assume over allotment option get exercise so issuance is 135m = current market cap at 0.75 so you need to double your share count. For new people, good opp to get in. The only people that suffer are people selling at a loss or holding their position without adding. Pala is not increasing their share count so they are not reallly gaming anything (only thing is the warrant from the debt extension but there is a shareholder vote). I think the warrant from offering will be priced at 10-15 cents looking at volatility and where the strike price is. Remember institutions only get half so that is 5-7 cents below 77 cents offering or 70-72 cents