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What does it mean (if anything) if a company offers shares to be purchased directly from them? A stock I am researching is offering shares to be bought from them even though it trades on the OTCBB. You get twice the amount of shares if you buy direct than if you bought on your Etrade account. But you must buy "Units". Each Unit costs you $10,000. You get 200,000 shares. If I bought that much off the board it would be 100,000 shares for $10,000 Is this a typical practice or is there something to this I do not know. Thanks in advance for any feedback!
Posts: 62 | From: Nappa Valley | Registered: Jan 2007
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It is for blta What is a PIPE arrangment? Anyways, they say this offer ends the end of this month. You cannot exercise the shares for 90 days
Posts: 62 | From: Nappa Valley | Registered: Jan 2007
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