This is done by the same Broker as 1PG. The deal looks similar in that 1PG was the first Silicon Valley tech and Shareroot seems to try and ride on the coat tail of the 1PG success being the second Silicon valley tech to come here. 1PG has a lot of institutional backing and is going from strength to strength. Not sure how successful Shareroot will be but I like the fact that it is an American tech from Silicon Valley. From a base of 10c (post consolidation) I think if anyone can get close to that it should be pretty low risk.
IMO it is easy to get it now at 0.2c because of the 0.1c cr, but mere impossible to try and get it at 0.1c. The deal value the shares at 0.14c or $20 million, so if I get some at 0.2c and try to average down through the cr at 0.1c I might end up with an average of 0.17c. To get any lower average one would have to be lucky and bought some at 0.1c. Will keep watching this one.
MOO Price at posting:
0.2¢ Sentiment: None Disclosure: Not Held
