Investing

Official Penny Stock Day Trade / Short Term

  • Last Updated:
  • May 21st, 2022 10:13 pm
Sr. Member
User avatar
Nov 13, 2014
815 posts
910 upvotes
Westmount, QC
FIRE has been doing pretty good in the last 2 days. Wish I had bought a lot more shares at .30$
Deal Addict
Oct 3, 2007
3179 posts
521 upvotes
theXshape wrote: FIRE has been doing pretty good in the last 2 days. Wish I had bought a lot more shares at .30$
Lol. I only bought a couple hundred worth at $0.30 but it was just in my casino play account. Doh.

Anyway following POAI today? It's another one of @CDNGreenTrader's picks.
Deal Addict
User avatar
Apr 20, 2003
1328 posts
1248 upvotes
Markham
Haris wrote: trying to understand what this means:
Each Exchange Unit will consist of one (1) common share of American Lithium plus one-half (0.5) of a common share purchase warrant of American Lithium (each whole such warrant, an “Exchange Warrant”). Each Exchange Warrant will entitle the holder to acquire one (1) additional common share of American Lithium at an exercise price of $3.00 for a period of thirty-six (36) months from completion of the Transaction. American Lithium will use commercially reasonable efforts to list the Exchange Warrants on the TSX Venture Exchange as soon as practicable following closing of the Transaction.
"Under the terms of the Agreement, American Lithium has agreed to acquire all of the issued and outstanding common shares of Plateau (the “Transaction”) on the basis of 0.29 units (each whole unit, an “Exchange Unit”) of American Lithium for each share of Plateau held, by way of a plan of arrangement under the Business Corporations Act (Ontario) (the “Arrangement”)."

Edit: So it should be if you have 100 shares of PLU.V, you'll get 29 shares of LI.V + 29 HALF warrants @ $3 (and you can only redeem full warrants, so it'd only be worth 14 in this case)
Last edited by bk on Feb 10th, 2021 10:14 am, edited 3 times in total.



Bah weep granah weep nini bong
HEAT: Link!
Deal Addict
May 12, 2004
2916 posts
396 upvotes
Mississauga
bk wrote: "Under the terms of the Agreement, American Lithium has agreed to acquire all of the issued and outstanding common shares of Plateau (the “Transaction”) on the basis of 0.29 units (each whole unit, an “Exchange Unit”) of American Lithium for each share of Plateau held, by way of a plan of arrangement under the Business Corporations Act (Ontario) (the “Arrangement”)."

So it should be if you have 100 shares of PLU.V, you'll get 29 shares of LI.V + 29 warrants @ $3.
which i assume is beneficial if we expect li.v to be worth more than $3 at the time correct?
Sr. Member
User avatar
Nov 13, 2014
815 posts
910 upvotes
Westmount, QC
neltron3030 wrote: Lol. I only bought a couple hundred worth at $0.30 but it was just in my casino play account. Doh.

Anyway following POAI today? It's another one of @CDNGreenTrader's picks.

I was planning on buying a lot more but only bought 74 shares on Monday with the leftover money I had on my account because my funds hadn't cleared yet at the time and I just wanted to see how it would go. It jumped from 0.30 from when I bought them on Monday to .55 now...
Deal Addict
May 12, 2004
2916 posts
396 upvotes
Mississauga
Short lived drop. li.v is booming now
Deal Fanatic
User avatar
Jul 15, 2005
7888 posts
1662 upvotes
Toronto
whelp, so much for putting an order in for LI.V it's gone way past my limit.
Sr. Member
Feb 1, 2006
527 posts
145 upvotes
neltron3030 wrote: Lol. I only bought a couple hundred worth at $0.30 but it was just in my casino play account. Doh.

Anyway following POAI today? It's another one of @CDNGreenTrader's picks.
Do we have a price target on poai?
I own a bit of this.
Thx
Deal Addict
User avatar
Apr 20, 2003
1328 posts
1248 upvotes
Markham
Haris wrote: which i assume is beneficial if we expect li.v to be worth more than $3 at the time correct?
Corrected my reply to half warrant, sorry about that.
But yes, if you expect LI.V to be worth more than $3, it's not bad. Even right now, PLU.V @ $0.85 converted in to LI.V would be $2.93 so it's under $3 price, not counting the 1/2 warrant.



Bah weep granah weep nini bong
HEAT: Link!
Jr. Member
Feb 9, 2017
191 posts
176 upvotes
Edmonton, AB
So mad at myself. Tried to be cheap and get LI.V at $2.96 but missed it while I could have gotten it @ $3. Now up to $3.39 already. I have a lot to learn.
Deal Fanatic
User avatar
Jun 11, 2001
9468 posts
1601 upvotes
TRCH on FIRE :) Awesome! GSI doing good as well... Doc.v running today again.

Wow... insane... up like $50k in 3 days.
...zzz...zzz...zzz...

www.heatware.com
Deal Addict
User avatar
Sep 10, 2009
2074 posts
681 upvotes
Toronto
sleepyguy wrote: TRCH on FIRE :) Awesome! GSI doing good as well... Doc.v running today again.

Wow... insane... up like $50k in 3 days.
So sad, my funds didn’t come in on time. I was Goona grab it yesterday lol for TRCH.
Deal Fanatic
Nov 26, 2008
7619 posts
5595 upvotes
sleepyguy wrote: TRCH on FIRE :) Awesome! GSI doing good as well... Doc.v running today again.

Wow... insane... up like $50k in 3 days.
Congrats! I did not pick the right horses like that. Face With Tears Of Joy
Deal Fanatic
User avatar
Jul 15, 2005
7888 posts
1662 upvotes
Toronto
On my buy list today:
CIDM - Filled
DMGI.V
WWR
NNO

Top

Thread Information

There are currently 2 users viewing this thread. (0 members and 2 guests)