RE:RE:RE:This bought deal good or bad?"Anytime a deal is below the current share price it smells of panic" All such deals are done at a discount to he current share price....you clearly know nothing about the capital markets
"If thy had done an equity financing at $10 or close to their true NAV the stock would go up not down" Why would anyone subscribe to the deal if it were priced at $10?? If the market thought BTE was worth $10, then the SP would be $10. NAV means very little....
The fact that BTE is trading at the issue price indicates the issue was a success...