The $2.65 placement is free trading now and in the money and it looks like Pinetree (Power One) did 10% of it so maybe its them dirty rats selling again.
One look at the PNP chart and its not hard to imagine them being desperate for a profit.
Potash One 4.15-million-share private placement
2008-01-02 14:44 MT - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Dec. 19, 2007.
Shares: 4.15 million shares
Price: $2.65 per share
Warrants: 2,075,000 share purchase warrants to purchase 2,075,000 shares
Exercise price: $3.75 for a 15-month period. However, if four months and one day after closing, the shares of the company close at $4 or more for 10 consecutive trading days, then the company may, upon written notice to the warrantholder, shorten the exercise period to 30 days.
Hidden placees: seven hidden placees participated
Finders' fees: 175,000 units (comprising one share and one-half of one warrant) payable to Peninsula Merchant Syndications Corp. (Sam Magid).
31,500 units (comprising one share and one-half of one warrant) payable to Powerone Capital Markets Ltd.
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