Tuesday, February 16, 2021

ITP stock: Stock went up over 30% on Feb. 16, 2021

Yahoo -> Finance -> Conversation 

Exactly a month ago they sold 26 Million shares at $.55. Talk of $2.00, $3.00, or $4.00 is only hype. The 26M doubled the share count and there are another 26M warrants that can be exercised and sold at any time. My guess is this returns to $.60 or $.70 before it goes higher.

"ITP public offering of 26,181,818 shares of common stock (the "Common Stock") and warrants (the "Warrants") to purchase 26,181,818 shares of Common Stock at an offering price of $0.55 per share and warrant. Each Warrant is immediately exercisable for one share of Common Stock at an exercise price of US$0.55 per share and will expire five years from issuance."

Actionable Items

I do think that ITP stock may go down $0.60 or $0.70/ share before it goes higher. 

No comments:

Post a Comment