Sunday, October 14, 2007 1:17:23 PM
And you are right.. being on the AMEX will help.
But, the offering will decrease the price. Think of it as a simple supply-and-demand situation. There are only so many buys, and more stock out there wanting to be sold. The price must go down.
I would think that the Prospectus must be available to anybody for a period of time (one month?) for the offering to be fairly distributed o the market. The Prospectus must include the price. So, once the price stabilizes they will go ahead. I would think the price would immediately fall to that level.
I had another penny stock make an offering some years back. It was at .15 and the offering was at .10. It was a Warrant to existing shareholders. By the time I got into a position to buy the price had fallen below .10. They raised more money than I thought they had, given the pricing situation.
The time to buy would be immediately after the Prospectus comes out... or maybe after all shares have been sold on a "Best Efforts" basis. That is when the price will be at a minimum.
Or, I could be totally full of it.
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