NTG Clarity Networks Inc V.NCI

Wow new PP announced after market close

[johnnydang]

$1.40 a share with $2 warrants not bad at all...

More money for the war chest.

[Majeure]

I thought this might occur and actually am really impressed that they did not over size the deal. A 10% issue at a small discount after the significant raise in SP is pretty good terms for existing shareholders imo. I assume they will have no trouble and will line fully subscribed. SP might dip closer the issue price tomorrow morning but I could also see it rise higher shortly after in the coming

[Sinister]

Explain it to me like im 5 years old

[profitprophet1]

The company is taking advantage of the higher share price to raise money from investors wanting to purchase shares in the company. As a result current owners' stake in the company is less as a % of the whole. This is called dilution. In this case it is small. Issuance of shares can be used to raise money to reduce debt or for general expansion purposes or for an acquisition all of which may

[mjh9413]

Lots of immediate and near term spend needed for that $54MM contract. Let's see wot buying op arises tomorrow eom

[Sinister]

Do you know if we can, as retail investor, buy those share at that price? Do we have to take any specific action?

[profitprophet1]

Average retail investors can't buy at the price and no action is needed. Often the share price will fall to near the offering price though and so you may be able to get a discount over the next few days. Glta

[Sherif]

Can only go up from here. 

[johnnydang]

Just bought shares at 1.34