Post by
reddog11 on Apr 04, 2022 11:24am
Flow Thru shares
The 15250464 shares included 8325806 @ 3.10, 3424658 Flow thru @ 3.65, 1500000 @4.46.
SO...over 8 million has no tax benefits and down $.25.
3.4 million FT @ 3.65 is close to no profit depending on situation.
1.5 million FT @ 4.46 cant be sold for a profit.
The SP decline is not about the Flow THru shares at this point, its the unknown about WHY the PP was done. Hopefully we will find out.
Anyone selling because of Flow thru shares or todays bogus nickel price is making a mistake.
If seling because you have a better place to put the money then thats fine.
jmo
RD
Comment by
EndZonefor7 on Apr 04, 2022 11:30am
Well said reddog. Thanks for the break down. If you want in lower then fine. Wait and see. Trying to discredit the company while saying you love it at $2.50 is a joke.
Comment by
smallcap1967 on Apr 04, 2022 11:38am
This wass announced as a bought deal, which I thought eliminated the risk for CNC, " a securities offering in which an investment bank commits to buy the entire offering from the client company". CNC probably already has this money, the closing should be irrelevent to CNC? Is this correct?
Comment by
EndZonefor7 on Apr 04, 2022 12:05pm
As I mentioned before some of the selling could be coming from Noble shareholders preselling some of their CNC shares. Notice NOB up nicely since 11 cents awhile back. Sleeper stock and must own if you're a CNC holder. $1 to $2 potential should CNC hit the teens plus.