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07/02/19

17:03

Post #: 37366699
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Originally posted by dmaivn ↑

Originally posted by Bilson
Im not 100% sure on this but the escrowed shares weren't from institutional investors, its from the shares that were handed out to the ac8 and twh management as part of the reverse take over and listing.. the people that got in on the ipo at 20c could sell anytime over the last 2 years. Keep in mind, these same big investors were happy to pay $1.10 a share not so long ago. It'll bounce back. A little more patience is needed.
I am sure that you cannot go IPO without backing from institutional players who are the investment bank brokers and their clients who are the funds. The cash that they coughed up to seed the operations of the company for the first year and acquisition of necessary equipments ... are paid in shares that are escrowed. If the placement of shares to IPO retail investors fails to attract enough, the investment bank broker would have to buy all of the rest at the IPO price. It's part of the game plan they have been doing for over 100 years! The IPO price was somewhere between 12c - 20c? Due to the limited number of shares available for trading at first, it's easy to pump the share price up. So these big guys just wait for a chance to sell. They did not get a chance to sell when it was 1.80 but at around 60c, they are more than happy to sell to get back at least their investment. These are safe players who play on very well calculated risk and reward often managed by computer algorithms. They play for a salary and bonus, not for personal ego. Imagine after they have taken their investment back, the risk is all with retail investors, super funds ...

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Im pretty sure if your a new company listing, your IPO listing price has to be 20c unkess you are granted a waiver as in the case with qbl to cgb. Old company new name. They got a waiver to relist at no less than 3.5c....
So i think 20c.

AC8 Price at posting: 47.0¢ Sentiment: Hold Disclosure: Held
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where to next?, page-615

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