RE:RE:RE:RE:2 year Shelf prospectus on sedar My thoughts on the shelf:
- when I saw the write down and debt pay down I had a feeling a placement would be in the offing. For significant international expansion (ex US) they will require the EU GMP certification for part of.K2 facility and from one of their calls they mentioned that cert will entail additional capex for high end equipment, along with the capex for completion of pommies buildout, and expansion into Australia and possibly US. $20M cash just won't get that done.
- the potential for a placement will undoubtedly act as an overhang on the share price until it's announced and closed
- this may be one of the reasons the shorts have been all over this stock despite its recent climb.
having said all that I'd be happy if I'm wrong I really do not enjoy seeing an investment I am in stagnate or drop and not participate in the momentum of the overall sector due to the uncertainty of a pending placement. All imo