Replies to post #53726 on Niocorp Developments Ltd (NB)

[AlwaysOptimistic]

Grunt, thank you for the explanation.

[tedro84]

I believe it’s actually a four month holding period. Lind is not in this for the long term, they are here to cash out as quick as they are allowed and secure their profits. Obviously they create selling pressure, but they make a lot more money when the price rises during the holding period than otherwise. Since they convert on a monthly basis, they always have shares within the holding period.

[tedro84]

Here’s the original news release on the matter. This has been amended four or five times so the holding period may not be the same anymore.

https://www.niocorp.com/niocorp-developments-ltd-completes-convertible-security-funding-agreement-institutional-investment-us-10-5-million/

[LCP77]

Grunt, fair post. But as far as Lind is concerned they got what they wanted. A prospectus that allowed immediate free trading upon their conversions. So, unless you are math challenged, 15% equals 15%. Yay for them. 20% interest paid up front and 15% discount. They pay 35% less than retail buyers do. Yay.