SOUTHERN LITHIUM CORP V.SNL

You are going to be rich by friday!

[bobyback]

The math behind private placements, and the spirit of the four-month hold, show that while four months is a woefully brief amount of time to give a company to come up with some value to show for the investment, investors don’t typically want to put their money into an investment where they will be forced into a longer lockup. To some extent, the four-month hold feature is what generates the “four months plus one day” hold mentality that is the hallmark of many short term traders, and explains why so many apparently dynamic and valuable companies nonetheless suffer discounts after the expiry of four-month holds.

The trick, as most CEOs know, is to make sure you generate value as transmitted by press releases by the time the four-month hold expires.

Source:https://business.financialpost.com/investing/tsx-venture-set-for-correction-as-private-placements-become-free-trading


Its going by friday!
GLTA

[bobyback]

So the 23 may private placement the hold was until september 23. You they have to show some value before september 23 else the private placement is liquidated at market ..i guess...

[DrWealth]

They have 18 months from private placement dlclose date...thats what i saw on the may pp..not 4 months?

[bobyback]

All securities issued in the financing will be subject to a statutory hold period expiring four months and one day after closing of the financing. Completion of the financing is subject to a number of conditions, including, without limitation, receipt of all regulatory approvals, including approval of the TSX Venture Exchange. Read more at https://www.stockhouse.com/news/press-releases/2017/05/23

[DrWealth]

Ahhh.. gotcha thanks.. so what does that mean for pp's investors who bought in in may ? Someone should email clive this intel and see if it pressures him to provide a more specified date of the news release

[supersceptic]

He cannot. The chemical analysis done by independent lab. I am not familiar with the process and procedures, but nothing is instant and it is up to 3d party to deliver. All mining companies anounced approximate or vague date or they would look dumb keep delaying and excusing...

[Dcowboy31]

18 months is for warrants.

[wasagastar]

They just issued options - now they have to wait two to three weeks before issuing good news. Sorry to burst your bubble and optimism. If they release news a week after issuing options it won't pass the smell test with exchange. Those pp holders are under water for now, not worried about that either. NO GREAT OR GOOD NEWS FOR TWO WEEKS MORE ATLEAST.

[bobyback]

This is your opinions. They have the right to granth options anytime according to the 10% contract...

[drseagal]

bobyback is correct. That is the reason for options instead of insider buying. IMO, we will get a NR very soon.

[Dcowboy31]

Uh why do they have to wait 2 to 3 weeks lol? The options have already been granted. This isnt a private placement that is subject to the exchange approval....

[wasagastar]

It's really the same thing as insider buying in a way. They have secured 3m shares at this price of 12 cents. You can't go out now and release amazing results. For the sake of appearance at least the will wait two weeks from yesterday's NR. Otherwise it smells. But watch this stock closely. They issued 3m shares to "consultants". Would not be surprised if those are a group of

[bobyback]

You are right! it will take 2 more weeks...

[DrWealth]

I predict that we should have a news release  by tomorrow giving a basic update and probably another atte end of the month including assay results for both holes.. big gamble to put everything in just 2 holes.. if results are below 200 ppm lithium that could scrap the whole project .. fingers crossed im holding tight 

[Dcowboy31]

Hmm ok. Thanks

[supersceptic]

I am sure it is not all that simple, but thanks for the article. Have nothing against "good Friday". At least, theory will go through the test.

[bobyback]

I was kidding a little bit. You will have an update on the work this week. Cheers...