Aston Bay Holdings Ltd V.BAY

BAY Results/Price Action/FINANCING? Suspect Weighs on Stock

[currency24]

BAY/AW results were Goof/much Potential but the Price Action, as suspected, over the last few weeks trying to keep it in a range of .22/,24 for a financing that was in works for sometime has weighed on the stock except for Friday. A close at .305 they had to bring the prce back down to .22 cent area to make the .19 price look OK. Reflection the MGMT did not push for the higher price and allow the broker to low ball the price at .19. Suspect Broker all this time was putting pressure on the stock for the .19 price??

Originally thought it was Accumulation by a buyer or Financing, reason for the tight .22/.24 cent range now we know, it really was the Financing.

Also, AW price, which did set the tone for todays drop, was hit hard  in Aussie MKTS Monday and  Tuesday.

Stock will now trade in the .19 to .235 cent range or a bit lower.

Not pleased with MGMT handling of the financing.

[Patrick2Linton]

LIFE financing come with no hold. Could it be used to cover a short position? The pricing at .19 after it drops down from .305 last trading session is a little suspect. But the company needs money and working Virginia will give BAY news flow all year round. Also hope the warrants have an acceleration clause of those could cause some overhang. The timing of the closing is around September 21