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Re: fantomphan post# 24601

Wednesday, 08/26/2020 4:31:26 PM

Wednesday, August 26, 2020 4:31:26 PM

Post# of 27413
Fantom-When a company does a secondary, the current shareholders hope they get placed into strong hands. There is a game that's played between Inv Banks and buying institutions. The more the instit helps move secondary shares, the higher they are on the list for next IPO allocations. Our hope was that the shares went to strong hands if not it puts secondary share pressure on the stock price as shares are puked back into the market. Our stock may have gone to weaker hands as they only have a short time between announcement and placing. The fact that they sold an over allotment i hoped indicated strong placement, strong demand.
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