That means they can sell 70 million shares. They wouldn't venture into this if they couldn't sell that volume. So demand exists. Potential investors would have been canvassed. Underwriters don't make mistakes. That's their business. Why would they do this. Simple really, they have no risk. Why do they have no risk? Because as advisors they have the inside track and can sell the placement.

Like I said before, done deal. I know because I tried to get in on it. It's done. 70 million shares is a hell of a lot of confidence.

I had to settle for the 5 cent discount without the warrants. Ah well...