Comment by
griefman on Aug 08, 2017 3:12pm
And/or motivated buyers...hehe...
Comment by
ekim on Aug 08, 2017 3:35pm
At least happy to buy shares at 13.3 cents. The bid at half penny started at 4 million for the few couple of days and has grown and now sits at 8.5 million rights. About 10% of retail rights have changed hands to date and those 8.5 million rights on the bid represent another 5%. LONG...PGD EKIM
Comment by
ekim on Aug 08, 2017 3:45pm
Those 8.5 million on the bid are happy to buy shares at 11.65 cents. 13.3 cents is based on 1 penny rights...not half penny. LONG...PGD EKIM
Comment by
mill44 on Aug 08, 2017 3:58pm
There are plenty of shares (rights) for sale at 13.3c, as well.
Comment by
ekim on Aug 08, 2017 4:03pm
Yeah Mill...there is an arbitrage opportunity right now. Probably not a lot as I assume there isn't actually a lot of depth on the shares at 13.5 and 14 cents. However, buying shares as a CDN..it makes a bit more sense to buy rights...wait 3 days and then phone in and exercise. That time is shrinking rapidly though. LONG...PGD EKIM