Post by
doubleLs on Feb 26, 2018 4:08pm
Honestly at $0.80?
I'm so confused - with almost $12mm about to be invested at $1.00 and the progress made... Is there a risk that with current share price that they execute at the deal for less $ or more shares dilution? Or is the private placement folks also under water 20% in their investment?
Comment by
Tameraq on Feb 26, 2018 4:21pm
That's what I have been asking myself since SP went below 1$ couple of weeks ago! No idea how it is going to work for them being 20% down already. I think they know once they stop selling whenever the SP goes up a cent or two as They did today the SP will go up without any effort or buying needed by the underwriter. We just want this fken DEAL closed already !
Comment by
Pumper4Life on Feb 26, 2018 4:35pm
Take an RX princep..Tetra was short nearly 12 million shares as of feb 16 (number 12 on the tsxv).. just wait for the next short report .. this number will have gone down. Shorting between 1.00-1.20 in february is not the same then shorting at .80 atm.. just like I covered today, many Have already covered or will be covering in the next few days,no one wants to be caught their shorts down.