I was expecting NP to say either Friday in that vi
Post# of 155002
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Posted On: 06/11/2019 1:27:30 PM
Re: Bored Lawyer #3929
I was expecting NP to say either Friday in that video or Monday that the offer is closing on Wednesday to push everyone on the fence to do it. Also, the price has been held down under 40c almost the entire time without any big news, so I'm not sure how successful. If they could have had one big announcement, tnbc first injection or something, it would have been more successful I feel; I was expecting one over the last month. Say they got half the warrants exercised, they might get 50% of what was exercised last month if they extend one more month, which is also incentive. Lately, I looked at the language of this TO with the one in 2017, and it was the same.
But that is just a guess. I didn't give an opinion until now, because it either is or isn't, and we should find out later today. So that opinion doesn't effect anything now.
LM seemed to think they will not. He has a Paulson rep, so I found that interesting.
It looks like the big seller which MM orders from the transfer agent uses (nite is on the bid at 2500). So they are covering for whatever reason. Maybe they oversold based on orders coming in and the orders stopped because the TO closes (which the algo was not predicting)... just a guess also, but definitely looks like some covering.
But that is just a guess. I didn't give an opinion until now, because it either is or isn't, and we should find out later today. So that opinion doesn't effect anything now.
LM seemed to think they will not. He has a Paulson rep, so I found that interesting.
It looks like the big seller which MM orders from the transfer agent uses (nite is on the bid at 2500). So they are covering for whatever reason. Maybe they oversold based on orders coming in and the orders stopped because the TO closes (which the algo was not predicting)... just a guess also, but definitely looks like some covering.
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