Madison Square Garden just made 40-45% on $13.5m
Madison Square Garden Group just made a nice average 40-45% return on their investment in 3 months (stock/warrant blend), which I believe is NO HOLD PERIOD for the stock $0.42 and warrants $0.60.
It would make sense that they blew all their stock/warrants out the door this past few weeks. Sitting now on $20m on $13.5m investment and XTRACT actually got $12.15m after broker fees. Sweet deal for MSGG. Bad deal for Xtract.
Read press release:
The Investment is comprised of the sale of up to 31,925,595 units (each a “Unit”) at a price of C$0.42 per Unit. Each Unit will be comprised of one common share of Xtract One (a “Common Share”) and one Common Share purchase warrant (each a “Warrant”) exercisable at a price of C$0.60 for a period of five years following the date of its issuance.
Madison Square Garden Group just mad a nice average 40-45% return on their investment in 3 months (stock/warrant blend), which I believe is NO HOLD PERIOD for the stock $0.42 and warrants $0.60. I am confident they blew all their stock out the door this past week. Sitting on $20m on $13.5m investment and company actually got $12.15m after broker fees. Sweet deal for MSGG. Bad deal for Xtract One.
Read press release: The Investment is comprised of the sale of up to 31,925,595 units (each a “Unit”) at a price of C$0.42 per Unit. Each Unit will be comprised of one common share of Xtract One (a “Common Share”) and one Common Share purchase warrant (each a “Warrant”) exercisable at a price of C$0.60 for a period of five years following the date of its issuance.