Post by
FOMOalpha on Jun 11, 2019 4:28pm
8.75 PP price and now trading at 40% discount
Institutions and accredited investor who participated in the PP value this stock at 8.75 per share now it is trading at 5.25 per share.
It is now trading almost at 40% discount! There is also clear sign of accumulation the past few days.
This can be a great long hold imo, particularly around this price level. 6 to 7 dollar is a very reasonable target even in bearish market. Bullish scenario: above 8.75+ definitely possible.
Comment by
stealthct on Jun 11, 2019 8:37pm
yah. I agree... Very under the current financing round. We should be heading to $6.00 soon and even hit $7.50 in the short term. Thoughts?
Comment by
mmjgaadzilla on Jun 11, 2019 8:52pm
This post has been removed in accordance with Community Policy
Comment by
abacin8 on Jun 12, 2019 9:58am
C'mon guys, the PP was NOT at $8.75, it was at $7 and it included a FULL WARRANT with an exercise price of $8.75. Meaning if you give value to the warrant, you were probably buying the shares in the PP in the $5.50 to $6 range. That is why it opened up there.
Comment by
stealthct on Jun 12, 2019 10:08am
Yes you're correct. PP was at $7.00 so we'll head there soon. and belive me with the type of money and investors that bought in, they will want to exercise there warrants. See you at $7.50/ea easily