GT Gold Corp. GTGDF

so albertan are you saying if GTGDF was to go above

[goldstd69]

1.06 from its current price of 0.85 that GT Gold will sell against the shareholders to lower the price?   that sounds a bit shall we say rigged

[sanddevil]

Goldstd69 - It was FGD that I experienced this with. The Mar 1 press release excerpt is below. They later repriced the PP to $0.70 /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./ TSX Venture Exchange: FGD Frankfurt Stock Exchange: 1G5 TORONTO, March 1, 2017 /CNW/ - First Global Data ("First Global" or the "Company") would like to

[goldstd69]

it seems then that if GT Gold shares were to advance higher the pp would likely adjust as well...thanks for the info...this is new to me...learn something new every day

[Buckshot26]

Honestly, are you guys new? The stock could go to $10 tomorrow and the pp would not be repriced.  The only rules that govern the discount of a financing are in play only on the day the financing is announced.  Once it is announced by news release you have what is called "Price Reservation" from that moment in time the financing must be done no lower than the "Discounted

[stateside]

Most know this Buck - but it's always a nice reminder of the quality of investors you're going up against in this sector.  Most don't have a clue.

[sanddevil]

Buckshot - thanks for the post.     Wasn't fully aware of the details of how this is governed.    Every day is a school day.   SD

[Albertan22]

Buckshot, thanks for posting these details -- I'm sorry to post the question and then take off for the day, but it didn't make sense to me that the company would be obligated to keep the stock price within a range while the PP was open.  This does make sense, I appreciate it. And it's true, I am new to investing.  I've never participated in a private placement, nor paid

[goldstd69]

lol...very very few posters have a clue