InvestorsHub Logo
Followers 2
Posts 291
Boards Moderated 0
Alias Born 03/02/2017

Re: MasterBidder post# 17200

Thursday, 08/10/2017 9:49:06 AM

Thursday, August 10, 2017 9:49:06 AM

Post# of 34581
I think it's just a hedge by one of the funds in the PP (Anson is my guess). They got their shares at .42US and half warrants on top at .60US. They de-risked to the point of just holding close to a half-million warrants.

http://thecse.com/sites/default/files/2017_03_30_Form_9_-_Amended_Notice_of_Completed_Private_Placement.pdf

Once the shares come free (September 30th?), they pay back the short... unless they decide to go long on the stock in the interim, which would be a bonus. :)

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent LEXX News