Q: RMC is up today, following announcement of a $33M private placement at $5.75 - a price not seen since late January. What (if anything) can be inferred from (a) the gap between the pp price and the pre-announcement trading price, and (b) that the price continued to rise after the announcement (wouldn't traders read the pp price as 'fair value')?
continuing bid-up
- or is just an instance of how pp investors make ly that investors who
continuing bid-up
- or is just an instance of how pp investors make ly that investors who