RE:RE:Will fly rapidly to $ 3.50Chincy1 wrote: The book was closed the second they announced it - you honestly think VLE would agree to a small raise like this without full confirmation and more succinctly there is no way a firm the size of Research Capital would do a bought deal unless it was fully pre sold -maybe some room for some supportive long term retail. Deal closed and announced next week. Get them while you can.
Chincy; I am not born yesterday; yes they have commitement from different key broker;
Research Capital Corp. as the sole underwriter and sole bookrunner. Broker will receive finders fees around 8% + broker warrants around 8%; mean if I am a broker or institution and have an allocation of 1m$ - my real cost is 2.34$ Even if the book is closed - money is DAP - deposit against payment the day of the closing; that's why you have selling pressure under 2.54$
It's how Bay street shark operate - At the end; most of the bought deal is bought by retail investors;
As you face 2 days settelement - pressure should end beggining of next week;