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Gold/Mining/Energy : Peruvian Gold Ltd. PVO
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To: TheBusDriver who wrote (844)9/21/2000 12:49:01 PM
From: Cookie Monster  Read Replies (2) of 892
 
Once the PP is announced at the price - the stock can go as high as they want it too without worry. Filing a PP with the exchange protects the price. The offering price could be moved up (or down) with the market - but the stock is free to run. My experience has been they like to announce a PP at say 3.50 - buy the stock up to $5 - creating an instant premium on the PP. Then, when they get big orders for stock in the PP - they naturally cannot fill everyone's request....so the people in the PP usually buy the balance on the market, thus continuing to support the price. A fund will not take a position of 250,000 shares in a company like this - it's not worth thier while. So they will pick up 250,000 in the PP with a warrant, then pick up another 500,000 on the market to make their skin in the game worth while.
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