Onepath: "INV .wt GMC.wt.b GBG.wt and EQN.wt all came to market with great leveridge on good stocks and the market had trouble valuing them initially.Part of the reason must be that not many realize a new warrant is trading and some of those that do want to see a trading pattern first.(volume price spread etc.)".
The other reason the wts often sell cheaply in the beginning is people who have both the stock and the wt often sell one or the other right out of the shute.
Anyone, add U.wt, HBM wts, BWT wts, SLW wts to the above and then go back and see just how much they all appreciated after they came on the market.
I think onepath and I have bought almost all of the INV wts Fri and today except the 120,000 cross. I sold some FNI. For every one thousand shages of FNI I was able to get almsot 5,000 wts.
So with FNI I had $1, 580 leveraged per thousand shares and with the 5,000 INV wts I have $9,250 leveraged for 18 months and I think INV may be the better stock!
INV: I like this especially and they seem to be big players with Tech involved and now they have money!!
International Nickel Ventures Corp (C-INV) - News Release
Int'l Nickel closes $19.52-million financing
2007-05-18 08:32 ET - News Release
Shares issued 34,867,300
INV Close 2007-05-17 C$ 1.89
Mr. James Clucas reports
INTERNATIONAL NICKEL VENTURES ANNOUNCES CLOSING OF $23.1 MILLION FINANCING
International Nickel Ventures Corp. (INV) has closed its previously announced bought deal financing of 11,155,000 units at a price of $1.75 per unit for gross proceeds to INV of $19,521,250. At closing the underwriters (as defined below) exercised their overallotment option in full. Each unit consisted of one common share in the capital of INV and one-half of one common share purchase warrant. Each whole common share purchase warrant entitles the holder to acquire one additional common share at a price of $2.25 until Nov. 18, 2008.
The units were sold through CIBC World Markets Inc. and Canaccord Adams.
Concurrent with the closing of the offering, INV completed its previously announced private placement of 2,032,434 units on the same terms as the offering for additional gross proceeds to the company of approximately $3,556,760. The securities issued and issuable in the concurrent private placement are subject to a statutory four-month hold period from closing.
We seek Safe Harbor.
I am now loaded to the gills. |
