Post by
Champ87 on Sep 23, 2015 9:57am
Selling?
Do people think they will not close the deal? Wish I was a day trader in this one...
Comment by
Investforever on Sep 23, 2015 10:59am
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Comment by
Spicoli420 on Sep 23, 2015 11:04am
I heard they have exercised the option which they had to do by Friday. This means they've raised the US $25 million debt needed to complete the acquisition. This should be seen as very positive.
Comment by
atuz on Sep 23, 2015 11:15am
Guys just keep bidding into this weakness. I have picked a ton at 20 cents and will continue to grab more. Don't worry about the day to day pennies. Keep watching and grab more if you can when there is blood in the streets. If for some reason they need to extend the closing I would think there would be more selling.
Comment by
atuz on Sep 23, 2015 11:43am
Anyone bidding there is no reason to jump at the ask. It's obvious there are some large orders that need to sell. Punish them and make them come to us on the low side. These guys that are selling are showing their hand with these large orders so make them pay but bidding a few cents lower.
Comment by
Champ87 on Sep 23, 2015 5:57pm
What's your source Spicoli? Hope you're right. Would love to buy more but used equity left to buy IMP, also trying to close a big deal. I know it will bounce back but next time it hits 0,25$ I'll probably cash out a few shares since history has shown so far that it always comes back down...glta!