Re: Financing, I called Karen
in response to
by
posted on
Mar 28, 2011 11:45AM
I agree Brutus. The selling today does not look like BMO is trying to push it down. Looks more like nervous Nellies with relatively small positions bailing. I think if the SP can hold around 1.30 the financing could be at 1.40 to 1.50, we'll see. I'm thinking that they'd want to set the price by the end of the week and then we'll return to more confident trading and the financing issue will be off the table. Even if some don't like the price. I guess you can't please everyone but I'd prefer to put this to bed quickly to prevent further downward pressure on the SP.