Enthusiast Gaming Holdings Inc T.EGLX

Private Placement expected to close by Wednesday

[Alim33]

"Offering is expected to close on or about February 10, 2020".

Then off we go.......

[PonyandTrap]

When you said  Then off we go....... I think you could have been more specific, i didn't think you meant the ground floor. Oh, well I still think it is work $14

[Leafs4Life]

I think there is some funny business going on.  Bought deal announced $1.50 below the share price around the same time the short interest spikes up to $2 million.  I bet part of the short was people buying the bought deal and selling the shares short. If you know you will buy shares at $5.75 in the placement and they will be issued to your account on Feb 11th, you can go short any price

[Trendsetter]

Your reasoning make complete sense the shorts ramped from 1 mill Jan 6 to 3.7 mill Feb. 4.  

[Trendsetter]

It would be shocking if the institutiaonal guys bought the PP and sold for a $$ buck!! If EGLX want to be in the bigs theyre not going to be there for long with the SP behaving like this...Amateurs !!

[PonyandTrap]

Having an 8% swing to the downside in one day is not a good look if you are trying to list on the NASDQ.

[ferret_ca]

It's irrelevant, they are doing a financing which once completed will sooner than later drive the sp much higher and put them in great shape financially, this will actually help the nasdaq listing imho, added to my position today and see a very prosperous future here. cheers and gl ferret

[Niceneasydoesit]

News of the bough deal I thought was baked in. Anyways, cant look a gift horse>>.etc  gives me a chance to buy a little more