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Re: jessellivermore post# 121958

Wednesday, 01/31/2018 6:54:41 PM

Wednesday, January 31, 2018 6:54:41 PM

Post# of 448124
JL, since it was an overnight deal, Cantor was “pre-marketing” the deal to existing shareholders since Monday morning. Anyone who got brought over the wall that day is restricted in trading the stock. After the close, the deal was made “public” and marketed to anyone willing to listen. Deal was priced on Tuesday morning at 3.65 before the open. I have done hundreds of those so just trying to help you understand the process better so you can make a better educated decision for yourself. These type of deals always have a way to leak from trading desks. They shouldn’t, but they do.
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