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Re: NewJerichoMan post# 1996

Thursday, 02/16/2017 4:28:14 PM

Thursday, February 16, 2017 4:28:14 PM

Post# of 11429
Ok, first of all the pricing closed late Monday, secondly the people who were a part of the offering took possession of the shares Tuesday. The TRADE DATE was the 14th, the SETTLEMENT DATE is the 17th. If you do some digging you will find this to be true. My final point on this subject is the discount. Anytime there is an issuance of shares for cash there is a discount. For bigger more established companies it is usually 5%. For penny stocks it is usually 25%. This was 30% plus - the biggest discount I've personally ever seen. I will admit that I misspoke when I used the word "majority" have already sold. should have said "many". So sorry.