Post by
Pragmatist on Feb 19, 2021 5:44pm
Shelf Supplement
The supplement isnow available on Sedar; The price to the public is $6.
"NOTES: (1) The Offering Price was determined by negotiation between the Company and the Underwriters, with reference to the then-current market price of the Common Share"
The price was likely determined before the recent escalation. It sounds like a good deal. for ATE..
My understaning based on research last PO, is that underwriters and their officers are not allowed to participate in Canadian public offerings , unless specifically mentioned. So they are selling to the public via brokers. And they want to offload these as quickly as possible. Their reward is the commission.
Comment by
Hideaway on Feb 19, 2021 6:28pm
If they are selling to the public at $6 per share, does this include the warrants? If not, can one purchase the warrants seperately? Hope someone on Board can educate me and, if shares and/or warrants are avaiable how does a small investor participate?TIA.
Comment by
Pragmatist on Feb 19, 2021 6:35pm
It includes the warrants. Regarding warrant purchases separately, this is addressed in the Supplement, and if I recall, it specifies that the warrants cannot be sold separately, such as on the open market. I think it is too late to participate now if you have not already put an order in with your broker.
Comment by
Miceberg on Feb 19, 2021 6:39pm
Warrants trade ike shares - if you can get someone willing to sell!
Comment by
Pragmatist on Feb 19, 2021 6:47pm
Yes.....but not these ones ON AN EXCHANGE. "The Warrants are transferable but will not be listed for trading on any exchange and as a result, there is no market through which the Warrants may be sold and purchasers may not be able to resell the Warrants purchased under the Prospectus Supplement and the accompanying Shelf Prospectus."
Comment by
Marky1 on Feb 19, 2021 6:49pm
Pragmatist. Welcome to my club of very intelligent people....