Post by
Stocknewbie2017 on Feb 10, 2018 12:53pm
Warrants anwser
Yes, they upsized the amount to 10m share at $1 each and each share has a warrant at 1.30. And the warrant is good for 36 months however if SP is at a certain level and for a period of time, the warrant will expire if they don’t excerised. Lets assume at 1.5$ for 7 days. Most stock when they do a PP, their SP will drop to the level of the PP price until it closed. And once it closes, you can see a .50% increase in SP. This is because the broker is trying to lower SP during the negotiations process. Once it closed, they will start moving the SP up to make profits. If you are reading this and want to buy. This is the best time to buy. You won’t regret it
Comment by
Tameraq on Feb 10, 2018 1:03pm
Thanks for the answer. That actually makes sense as the buyer after the deal is done has millions of shares and he wants to get the SP higher to make money. Is the closing date for the deal unknown?
Comment by
Stocknewbie2017 on Feb 10, 2018 1:28pm
I want to give you the answer right away but I’m not. However, if you read the NR, you should know