RE:Hold periodI don't think that those involved in the financing are exactly deadbeats who don't have the money to hold their shares especially with the possibility of BTD being granted at any time. I agree there will be some selling but I think to induce others to sell although may just want the free warrant.
I also think the outlook hasn't changed, it was always going to be BTD that moved the stock. Only two things will move it, money or approvals and there won't be a deal before BTD.
I'm not a buyer, don't need to be, and I'm not even a small seller until the decimal gets moved so other than having to look at this low price I don't really care about this. I'm just glad that, fingers crossed, this is it as far as financings go before it takes off. I don't really want to have to apply for one of their job openings.
DJDawg wrote: I wasn't sure but found a few links.
There is no hold period on the new shares. So, the price will likely drop today to 0.22 or less.
Once they announce closure then there will be an extra 16 to 24 million shares out there for which they have been bought at a cost of 0.22. Which means that the price will have a hard time moving much above that since the Research Capital Shares will be intermittently sold be people who are happy to just keep the 0.28 warrant.
So in my opinion, for November, the price will stay around 0.22 to 0.25. Anytime it goes much higher so lump asks will appear and likely knock it down.
The only thing that will break 0.28 will be BTD announcement.
Anyone disagree with my logic?