Post by
SABBOBCAT on Jan 16, 2021 11:00am
Dubuc's comment on where shares went
If true, I find Dubuc's comment about knowing shares went to long term holders to be disturbing. The banks they dealt with were already supporters, so their clients likely already had shares of TH. So if I were a client of syndicate (either retail or institutional). Why would I not sell my current TH shares at a profit and but the units to get warrants for free? This then floods the market with existing TH shares that are going to go to who knows where. This good of shares will need to be digested over time before the price settles a a fresh equilibrium. As we can see this equilibrium will be lower and kill any upward momentum their marketing efforts would generate in the short term. So while the units could very well go to strong hands, Dubuc's comment, if true, was nice and insulting to existing shareholders. This deal was a way to reward these banks and their clients at the expense of the rest of the shareholders. Terrible leadership and corporate governance allowed this to happen. This was a shady Quebec style move that warrants zero respect or credibility on the North American or Global stage. If you are a junior mining company, sure go for it, people expect that this stuff happens, but for a company striving to play in the global pharma space, this is appalling. The executive team and the board should be ashamed.
Comment by
SABBOBCAT on Jan 16, 2021 11:12am
One thing is for sure, the bankers that put this deal together deserve their full bonuses! To ram something like this through and convince a company to do that is amazing. We need them on the TH sales team to sell trogarzo... lol