InMed Pharmaceuticals Inc (INM): The dilution is only about 10%, so it's...

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InMed Pharmaceuticals Inc (INM)

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Re: Jocynda post# 2816

Tuesday, 05/23/2017 7:49:34 PM

Tuesday, May 23, 2017 7:49:34 PM

The dilution is only about 10%, so it's not worth getting too excited about it. I think a lot of that is already baked into today's pps. The shares were probably sold to high net worth qualified investors (they would be if they were under US security regs, not sure about Canada) who are viewing this more as an investment than a quick trade for profit. I think there will be a psychological impact through May 31, but after that we should start getting back to an upward momentum. JMO

Les

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