Reconnaissance Energy (Africa) Ltd V.RECO

Canaccord the Bookrunner

[Oregonduck]

The investment firm acting as the sole "Bookie" laying bets is trying hard to resell the bought-deal to its accredited clients and offshore clients. Could end up stuck with unsold units since they are not that attractive. The stock is below the deal price and the warrants could be worthless, as according to the Co's preliminary prospectus, they are not detachable and there is no after-market value.

Suckers born every minute.

[Luckboxx]

That is not what the SEDAR prospectus said....nice tall tale.     Btw,  why do you regularly post just before 4 EST?  Trying to manipulate the close?

[Oregonduck]

Suckers Bet: No Current Market for Warrants The Warrants constitute a new issue of securities of the Corporation. There is currently no market through which the Warrants may be sold and purchasers of Units may not be able to resell the Warrants purchased under this short form prospectus. This may affect the pricing of the Warrants in the secondary market, the transparency and availability of

[Luckboxx]

Yes, and the offering was upsized whereas you claim there is no demand from the accredited clients which is false

[Oregonduck]

  It doesn't mean squat for over-subscription or up-sizing...In the bought deal, Canaccord guaranteed they will raise the$41 million, but they still have to resell the placement to their clients. Their clients who might have spoken for it, can still back out under the Right of Rescission after the Short Form Prospectus is issued. Any unsold units, Canaccord will have to eat them

[Luckboxx]

No doubt Cannacord was worried about your FUD lawsuits beforehand LOL

[Wynjoe]

It doesn't take a genius to figure this out, however many are in denial of the seriousness of this situation. More and more are,I hope they figure it out in time I hate to see investors lose hard earned money. Sell reco,buy Suncor.

[gossamer6]

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