Well, this is the venure capital way to rise funds. Better than last PO, but still an invitation to play dirty games.
Here Cormark was informed upfront and could go short. Additional they have the option to purchase another 15% of the offering, 3,27M @0,55CAD next Wednesday. Can't Mika see that this is not stabilizing the market, but an invitation to go short risk-free? Feeding the pigs, same procedure...
All these warrants in hand if "platinum investors", OMG. Retail investors did as promissed, they executed their 0,52 warrants. The institutionals? No way, because non execution is leading them to the next food trough here. Good friends in deed. I can completely understand people like Mazan to be pissed.
WHY don't they learn how to rise funds in other countries??? Giving all owners 1/20 tradable warrant at a good discount (0,45 CAD), expiring 20 days later - this would do the job perfectly! In Asia this is everyday business...