Saturday, March 08, 2008 11:18:18 AM
That being said, if the stock is trading at > $0.85 or even > $0.60 after the 4 month hold period expires (i.e. after June 6th), we may see the market flooded with potentially 5,000,000 to 7,500,000 shares being sold off by the participants in order to realize their profits from participating in this placement...it doesn't take a genius to figure out what impact that would have on the stock price...
Given that this private placement had a 4 month hold placed on the securites, and the stock was already trading at around $0.60 when it was announced and the prospects for Diagnos are strong, it actually should have been priced a lot higher than $0.60 (it's interesting to note that ADK was trading at 0.62 - 0.65 the day the placement closed) ...i.e. it should have been priced at some 4 month future price forecast of the company's value. This would have prevented the potential of a serious sell off when the hold expires.
Recent ADK News
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- Canadian Investment Regulatory Organization Trade Resumption - ADK • PR Newswire (Canada) • 12/11/2023 02:31:00 PM
- Suspension de la négociation par l'Organisme canadien de réglementation des investissements - ADK • PR Newswire (Canada) • 12/08/2023 05:49:00 PM
- Canadian Investment Regulatory Organization Trading Halt - ADK • PR Newswire (Canada) • 12/08/2023 05:44:00 PM
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