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corbotron OP : most likely a sale would close over the reported share price to give the buyer a premium
Flowerhill : Could you explain what this means? "which would be a premium to closing price Friday"?
corbotron OP Flowerhill : a premium would be in favor of shareholder, a placement at 6.1 would be above the closing price of 5.7 . constituting a premium of .4 in favor of shareholders. although if share price closes above 6.1 say at 6.75 it would be a premium in favor of the placement buyer of .65
corbotron OP corbotron OP : so they would be profitable immediately upon placement completion, in most cases I've seen the price rises over the placement price, when shares are sold above closing price, and inversely it falls close to the placement price should the placement be sold under the closing price