Aug. 26 at 12:14 AM
$TREIF
Excerpt from a note sent out today from MicroCap Explosions about TREIF, soon to be AIDRF / AIDR:
"On August 22, the company closed a private placement at CAD
$0.50. This created 8,469,400 shares. 3,677,400 of them will be freely tradable sometime in September.
Because the stock is at CAD
$0.74 today, you do know what this means, right? I guarantee you that some of these people are already itching to sell the stock and book gains, but they can't until these shares become freely tradable.
This does not mean that people shouldn't be buying the stock today. Who knows what will happen over the next 2 to 3 weeks. All I am saying is that sometime in September, probably 1.8 million shares will be itching to sell. So there will be more stock available. It could absolutely cause a pullback but if there is more demand for the shares, we might not see a pullback. I just want you to be aware of this."