Post by
Schwag on Feb 08, 2021 12:11pm
Another false rumor?
Another notion that some have been touting here is that the prospectus shares are being liquidated by clients at .55 but are keeping the warrants. the result is supposed to be some kind of glut of shares in the .55 range. This is almost certainly false. where did this idea even come from? Leede is most likely holding the shares for a longer period of time like most funds do and the client isn't even involved in the buying or selling of any shares. Let's stick to the facts guys. Leede knows this has major upside potential or they wouldn't even bother with a bought deal like this just for a couple measly percent.
Comment by
golfyeti on Feb 08, 2021 12:23pm
LOL, how is this a rumour when it is a fact the SP has hit a wall everytime it approaches $0.55 - .56 ever since the late December Leede $0.55 bought deal closed? BTW, a bought deal doesn't mean that Leede kept it all. They bought on behalf of known and expected demand from individual investors who can trade those shares as they please.