WDT - Wellington Drive Technologies

[Caesius]

Can someone explain how this SP won't simply drift down to 5 CPS now? Why would anyone not just take the instant profit that's on the table, especially with the situation in the US currently?

[emearg]

Can someone explain how this SP won't simply drift down to 5 CPS now? Why would anyone not just take the instant profit that's on the table, especially with the situation in the US currently?

It might drift down to 5 cents, or drift up to 9 cents. Take the profit now and give up potential future profit? Tea leaf reading is always a challenge.

I would suggest there are at least two reasons why most peeps probably won't do this with the new shares acquired last week:
1) Tax. Gotta pay tax on the gain so that makes it much less appealing.
2) Brokerage. Unless you held a lot of WDT to start with, then the new shares, even if you over subscribed, may make the transaction not worth the bother. At least I see it this way with a traditional online brokerage fee. Maybe not if peeps use sharesies?

What else?