Post by
Sheshe1234 on Apr 29, 2021 4:31pm
VALUE!!!
Someone must see the value in this company or why would they purchase flow thru shares if not to make MONEY. We are all here for the same thing. MONEY!! Sgy will survive and rise in share price. One word. PATIENCE!!!!!!!! so many bashers. I'm happy with this. Jmho
Comment by
borne2run on Apr 29, 2021 4:45pm
Flow thru sharesallow investors to claim an expense on personal income equal to the cost of the shares. They are normally issued at a 30% - 35% premium to the stock price. For investors in a 50% tax bracket, they are effectively buying at less than 30 cents per share. Of course the banks asked Surge to upsize the offering.