RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Accelerated payments and shares issued....Valens took it on the chin because people perceived that NR in a negative way (obvious but not exactly warranted) and they are now getting the LABS manipulation treatment as a result.
The way the offering was structured, it gave the shorts free reign....just like LABS. They aren't insulated anymore so games are driving that SP down...despite doing many if not all things right. IMO
Lemoyne wrote: allibabba wrote: At the end of the day guys, if you want to see what happens to the SP when this is announced just go look at valens when they announced and where they went after the news dropped. Not super encouraging.
Totally different IMO, on top of the 150M prospectus they also announced a bought deal at 2.05$ while their stock price was peaking at 2.70. Plus, they acquired a local canadian edible manufacturer.... What's the point of expanding locally while USA is booming?
I don't think the prospectus itself caused the dramatic drop...