A high number of participants in a private placement (80+) is a strong predictor of post-4-month-hold share price decline, because many participants will exercise the rational warrant-clipper strategy and sell shares for the same price they bought them in the placement.
causalpending
Speaker
LukeEvidence Quote
“when I see often two weeks after financing closes that 80 people participated then you almost know for sure that there will be stock available four months from now”
Source
The Biggest Problem With Junior Mining, the Story of a Mine Builder, and a Different Copper Porphyry— Resource TalksCreated: 8/13/2026, 4:56:03 AM
My Notes
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