RE:RE:Sitka on Sale!I agree that the PP purchasers would have to sell at a loss. However, because it was a flow through placement, profits and losses are much more complex. Tax considerations can be the major driver, in which case, just participating in the placement has achieved much of the objective. Investors can sell at a loss, and still be be better off after the tax implications factor in.
Westcoastwalker wrote: That pp was priced in at .17 so dumping after the hold would be a significant loss. Hard to say if that is in strong hands or not must have been a fund or broker as it came quickly. All that aside if the results get posted and are stellar bye bye shares at these levels. Feeling lucky?