RE:RE:it was the same with viszla... CXB raised at strength at a very good strong stock price. They raised after considerable appreciation last 9 months.
IAU has not only raised at all time low stock price but the dilution is massive. It's almost 20% of the outstanding share count. If that was not enough they gifted half a warrant at 2.15 which is 10% higher than where stock traded only last week around $2. The warrants were issued for 4 years. Seriously!!! Very desperate move and giving away the top upside of a strong company especially when the PM market is just turning. They raised 20$ million only in Feb so it wasn't like they were in need of urgent money.
this wreaks of desperation and is extremely disappointing. Mgmt have cut the long term upside by a good 50%.