Post by
Puma1back on May 31, 2022 7:51pm
PP
With the privatw placement at $2.75 - i think we might see some sub $3 trading as it should fir a but here trade down to that pp price
Comment by
Puma1back on Jun 01, 2022 7:57am
A few typos below - sorry. Anyway, we should see a pull back down to that pp price of $2.75 as the traders who bagged the stock can short it down from $3.11 and refill the short with the pp. there is also the gap up on the 24th to fill before the next leg
Comment by
argon12 on Jun 01, 2022 10:25am
This is not a private placement. It's a sub receipt. I heard the lead order was Canoe. Not 100% on this. Cannacord needs to step up here and start buying so they can earn the option money
Comment by
Puma1back on Jun 01, 2022 10:38am
i know not technically a PP - sorry- rather a bought deal, anyway, easy to see that happen to the price though I expected it not to break through the bought deal $2.75 price so fast in day one But hey, there will have been people shorting north of $3 - so we could see $2.50 if someone just wants out for a b/e.
Comment by
argon12 on Jun 01, 2022 12:49pm
OIL is the only sector to be in. Accretive acquisition. This will be back to $3.10 in no time.