Post by
tamaracktop on Nov 21, 2023 11:28am
Rational thinking is good
Think about this for three minutes.
Everybody but Holdrrr and Thinkbig, please think about this.
Holdrrr and Thinkbig are probably busy looking up new words anyway.
If they aren't, they should be.
When Pyrogenesis announced their $5 million financing on June 22, they managed to raise $3.03 million.
The public subscribed to $1,030,000 of that issue.
That offering took a month to close.
The subscribers have been locked in since then.
Meanwhile, the trust has sold 815,400 shares in the market, some for as litle as fifty two cents.
The buyers of that issue will be able to sell for the very first time tomorrow.
Do you think some of them will sell?
Of course some will, they can't be impressed.
I expect there will be an additional few hundred thousand shares added to supply over the coming days and weeks.
Comment by
paul03 on Nov 21, 2023 12:18pm
Did you know about the AMF investigation before June? I know I did as many others on here too. You'd be stupid to not see the risks involved with that prior to the company elaborating. But sure
Comment by
tamaracktop on Nov 21, 2023 12:34pm
True. But I'd guess that many buyers of that issue weren't quite as informed as you'd think. You'd be surprised how many people buy stocks with little or no diligence. People sometimes buy because of a "tip" they heard at a cocktail party.