Re: Level 2 Quotes this morning
in response to
by
posted on
Jun 16, 2022 10:57AM
HL could buy RVX shares in the market too. Imagine if the additional buying pressure was millions of dollars instead of just 6K. Maybe 2 or 3 million dollars chasing RVX would garner a SP that gets HL out of the red, IMO.
We just need more insiders to 'do the right thing' and offer continued support in the market. It would not take much if there is a constant drip or should I say a constant soaking up of loose shares.
Yesterday was a start and hopefully proved my point that the ""market"" price of RVX is only for those nibbling on the smallest number of shares, tiny crumbs falling off the back of the truck. Anyone wanting millions of shares cannot get them at those prices in this thinly traded stock.
When negotiating a financing Don should stand strong on the fact the market price is just for crumbs, not for chunks of the company. Chunks of the company CANNOT be had from the market at the current market price so why are we using it as a reference point for financings?!?
If someone is looking for 50 million shares, I would tell them the above and that they should buy in the market just 5% of the amount they want to subscribe to, i.e. go get 2,500,000 shares off the market and let's see what the price becomes.
The SP will be up several fold and they will understand that chunks of the company are not available anywhere near current ""market"" prices. I'd say: "Once you get 5% of those fifty million shares from the ""market"" we'll rediscuss what a fair price looks like for a chunk of the company.