RE:Unscrupulous management they can short all they want, the only investors struggling in this stock atm is the ones that participated in the most recent raise. On the other hand, i have a feeling most of those investors knew very well in what they were stepping into.
think about it this way, what type of share price would we be if 3m shares would have been traded recently on the buy side?
This IMO is the main reason for this latest raise, allowing a handful of smart investors that have a clear understanding of what is coming their way on the retail side with Second Cup Stores.
2.50$ we are at 50m$ valuation
3.00$ we are at 60m$ valuation
Not much of a difference in terms of market cap..
with 20 stores coming online, 5 that applied last month, 15 more to be applied by end of May..... id say we are sitting at a very bargain valuation level.
2j3kl wrote: To raise funds at $3.45 in the full knowledge that the placees were going to short their shares in the box.
Its about as low as you can go.