Luca Mining Corp V.LUCA

who is unloading all these shares???

[okgonow]

if the placement doesent close till the 26th and then there is a 4 month hold on them they wont be available to sell till 26th of Jan.2025

who the HE.LL is unloading all these shares?????????

[okgonow]

my mistake the 19 mill Life Units do not have a hold so they are available to trade i would think as of the 26th faaaaaaaak

[okgonow]

  could it be that some think that after the placement closes the market will be flooded with the cheap .$45 shares and they are selling in anticipation of SP dropping down into the .30's ? Combine that with the massive new short interest in LUCA just before the 26th!! wouldent it be a real kick in the teeth for the sellers and the shorts of most if not all of the shares were bought

[lscfa]

The LIFE and PP offerings seem to be for institutional investors who wanted in.  At June 30 Luca had 48M $0.50 warrants o/s. 4.7M were exercised in July/Aug for proceeds of $2.36M cdn. There was no need to do any financings as warrants will continue to be exercised.

[okgonow]

Thanks where did you find this info regarding how many of the warrants were exercised there a website??  and yes the new CEO kinda screwed the warrant holders by floating this last round at .45 I wouldn't be too happy with him if I were a holder of those, as they were firmly in the money as we were trading at .55 to .60 at the time

[okgonow]

And in 5 days when this thing closes if the shares from the last round were not sold to people looking to hold he screwed the company out of all that money he would have gotten from the warrants which is much more than the raise  48mill shares at .50 is 22 mill almost twice the amount of this last placement! how as a supposed finance guy CEO do you make such a poor decision knowing that

[lscfa]

footnotes of jun qtr fins, subsequent events

[lscfa]

There's been another 2.1M shs issued since Aug 28 date of MD&A.  probably more warrants exercised. https://apps.tmx.com/TSXVenture/TSXVentureHttpController?GetPage=MarketCapDailyTradingSummary&SECURITY_ID=239996&MARKET_ID=CDNX&SEC_SYM_SID=1&HC_FLAG1=&HC_FLAG2=&isShowRange=on&StartMonth=6&StartDay=23&StartYear=2024&EndMonth=9&EndDay=21&