its not just broker, the management here is extremely anti-dilution as they hold big position
and sophisticated investors can always get free options thrown in anyway to lower their avg
eg, may 3 placement at 0.45 with 1 for 3 options
trades lead up to May 3, stuck between 0.4 and 0.5 and for 3 months. so it held 0.4. I watch this stock everyday, the 0.5 sells way outweigh 0.4 bids at the time coz of the sheet market.
sophisticated investor's effective entry is 0.38c when the stock mostly trades at 0.4
placement options I always suspected will be attached
All i was saying before, I just knew the broker and management well enough to know the placement pricing wont be as low as 0.6c as some have suggested. yes 20% discount vwap and all that, thats how most brokers operate, but going by this one's previous placement at 0.45, I knew there wont be a big shafty discounted one.
DDD Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held