Welcome to The Outdoors Trader

Register Now
  1. 10 Year Anniversary Gun Show & Swap Meet - May 1, 2021 - Click here for tickets and click here for info!
    Dismiss Notice
  2. Welcome to The Outdoors Trader! Join today, registration is easy!

    You can register using your Google, Facebook, or Twitter account, just click here.
  3. Featured Listings are working again! Feature your listing on every page for $3 a day! Click here for all the info.
    Dismiss Notice

Private placement.

Thread in 'Finance / Investing' started by CAMSDADDY, Jun 4, 2020.

  1. CAMSDADDY

    CAMSDADDY The Hen that laid the Golden Legos Supporter

    Supporter
    Messages:
    6,748
    Likes Received:
    2,445
    Joined:
    Sep 22, 2010
    Location:
    Sumter County
    Rating
    100%
    I have several shares of HUGE or FSD pharma. It has been announced that it is going into private placement. What does this mean to share holders?
     
  2. Glock 21

    Glock 21 The Hen that laid the Golden Legos Supporter

    Supporter
    Messages:
    5,893
    Likes Received:
    1,343
    Joined:
    Jul 9, 2012
    Location:
    Bartow
    Rating
    98.9%

    Basically fundraising for capital with shares not available on the open market. Could be good if they are close to a breakthrough or bad if they are just going broke but this stock has been victim to a pump and dump so if you aren’t bagholding I would look for an exit out while the dust settles.
     
    TheGman likes this.
  3. CAMSDADDY

    CAMSDADDY The Hen that laid the Golden Legos Supporter

    Supporter
    Messages:
    6,748
    Likes Received:
    2,445
    Joined:
    Sep 22, 2010
    Location:
    Sumter County
    Rating
    100%
    If I can get out and only lose 20% I should before it vanishes further?
     
  4. sniper22

    sniper22 The Hen that laid the Golden Legos Supporter

    Supporter
    Messages:
    15,678
    Likes Received:
    8,403
    Joined:
    Jul 6, 2010
    Location:
    The Pasture @ Stilesboro GA
    Rating
    100%
    Go with your gut instinct, or do what I do and flip a coin...
     
  5. Glock 21

    Glock 21 The Hen that laid the Golden Legos Supporter

    Supporter
    Messages:
    5,893
    Likes Received:
    1,343
    Joined:
    Jul 9, 2012
    Location:
    Bartow
    Rating
    98.9%

    I havent done any DD on this company and dont know your position in it but typically Fridays are profit taking days so stocks trade very volatile up and down. Look around 2pm-3pm for the HOD to hit and get out if thats what you feel is the best move for yourself. I will say bio companys in general are down this week as the rest of the stock market has been performing well and investors have shifted out of playing the covid market.
     
    4ssss likes this.