More trades today on Nasdaq than TSXV.

It looks as if somebody, or some group, is deliberately holding down both markets so that shares are priced @Cdn$2.00 or US $ eqivalent which will result in huge dilution to existing shareholders. 

Why has the company not even declared the amount they are aiming to raise in the US$ Maxim offering?

At least a maximum has been stated for the Cdn LIFE offering as $10 million-  but this was based on a higher price of $3.74 . At $2.00 price level will this maximum $10MN have to be reduced ?

If one guesses the Maxim offering is for Cdn $20 MN and the LIFE is for $10MN, totally $30MN, then @$2.00 there would be 15 million new shares. Based on currently issued shares of 40 million this would be a 37.5% dilution. 

All this is purely guesswork as final details are stll unknown.

A horrific dilution considering on 1 Nov, before the fateful news release, the stock was @ $3.74.At this price there would be only 8.021 MN new shares, a dilution of about 20%.

Hopefully the Management and Board of Directors will wait until the price improves. Or cancel both offerings and find another alternative to raise money.

Another random thought :if the Insiders had  raised money at the time they sold their stock @$1.56 pre reverse split, or $15.60 post split ,the number of shares to raise $30MN would have been only about 1.9 million shares, or only 4.8% dilution.

Something is dramatically wrong with the Financial Management of this company, allowing  funds to drop to the point that these financings are now a matter of necessity rather than choice. Maybe this is the problem that the  Institutional buyers perceive also.