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Blutip Power Technologies Ltd V.BPR



TSXV:BPR - Post by User

Comment by ajootianon Mar 06, 2002 6:24pm
122 Views
Post# 4852097

RE: re price increase

RE: re price increaseIts mostly due to the fact that, IMO, natgas prices will eventually tank once storage draw season is over, and once that happens folks will lose patience. Also, they are going to need to raise a huge amount of money and its most likely that this financing will be done the way most Canadian junior company financings are done: first the investors short the heck outta the stock to pull it down, and then the placement gets done, and then the investors quietly cover their short in the open market, or if the stock goes nuts on the upside, then they cover by delivering the shares they got in the placement when it becomes free-trading.
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