$HUB Cyber Security (HUBC.US)$ For those that are new, when ...
$HUB Cyber Security(HUBC.US$ For those that are new, when I say there pending an updated press release I'm not lying. Per their recent 6-k filing negotiations are in process, more updates to come.
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RadMoney : what does this mean? I apologize for the ignorance.
70981574 : Ok but this PM 14h. This coming out.
On Tuesday, HUB said that it had sold 400K shares at $10 per share to two of its original PIPE investors. On Wednesday, it announced that Israeli investment bank A-Labs Advisory & Finance had reaffirmed its $20M PIPE commitment at $10 per share. A-Labs has already fulfilled around $2.2M of the commitment, with the remainder expected to be completed "in the near future."
FrankieSmilez OP 70981574 : I'm thinking early next week we'll have an update
Cleve : @RadMoney It means that the agreed price of $10 a share by PIPE investors has already has been partially filled (approximately $4 million for 400,000 shares), the remaining shares in which the PIPE investors will buy is currently being negotiated. not financial advice btw, take what you will from this ;)
FrankieSmilez OP Cleve : exactly in the way they've been putting out press releases have been on Tuesdays and Thursdays so I'm thinking something here soon. I also feel that their current ER is being held back until this is completed
RIPPER : To be honest with you, this whole thing pisses me off… I didn’t have a large position, but I had like $400 on my fiancé’s portfolio in this position, in which half of that simply vanished overnight when they did the transition… As tempting as it’s been for me to jump into this, I just can’t as there’s no doubt such a move was intentional no matter if it’s going to get back to that price, Fonzie like activity of funds….sketchy
intuitive Jackal_354 : so in essence it's worth $10 dollars per share
FrankieSmilez OP Cleve : actually there's been 24 million filled so far
RadMoney 70981574 : Thank you!
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