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Friday, July 17, 2020 3:30:46 PM
On March 18th of this year the Company announced a private placement, the Offering. Pursuant to the Offering, the buyers have a statutory hold period of four months and one day, a ‘lockdown’ period. Starting Monday will be the first open market day in which the ‘lockdown’ period will no longer be in effect. The buyers to the Offering will be free to sell their shares if they choose to do so. As such, it may put downward pressure on the share price.
If so, we might see a great buying opportunity unless the company releases some news that morning which would see the PPS gap up.
I am not counting on the big news this Monday personally but it would be great obviously.
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