Proof, Underwriters short their own investments..READ ITI have a copy of wwr’s NR today. They have a 10 million dollar investment from an underwriter Lincoln park. You’ll see within the agreement it SPECIFICALLY states Lincoln has agreed NOT to short or hedge the stock!
PAY Attention, these are common street tricks of the trade and investors are not aware that the companies own major investors do this:
CENTENNIAL, Colo., June 10, 2019 – Westwater Resources, Inc. (Nasdaq: WWR), an energy materials development company, announced today it has entered into a purchase agreement and registration rights agreement with Lincoln Park Capital Fund, LLC (“Lincoln Park”), a current investor in Westwater.
Under the purchase agreement, upon satisfaction of the conditions in the purchase agreement, including after a registration statement registering the resale of shares to be sold to Lincoln Park under the purchase agreement is declared effective by the Securities and Exchange Commission (SEC), Westwater, from time to time over a 24 month period, will have the right, in its sole discretion, to sell up to $10 million of its stock to Lincoln Park. Westwater will control the timing and amount of any sales to Lincoln Park, and Lincoln Park is obligated to make purchases in accordance with the purchase agreement. Any common stock that is sold to Lincoln Park will occur at a purchase price that is based on an agreed upon fixed discount to the Company’s prevailing market prices at the time of each sale and with no upper limits to the price Lincoln Park may pay to purchase common stock.
Lincoln Park has also agreed not to cause or engage in any direct or indirect short selling or hedging of the Company’s common stock. No warrants are being issued in this transaction, and there are no limitations on our use of proceeds from sales to Lincoln Park under the purchase agreement. Furthermore, the purchase agreement does not contain any rights of first refusal, participation rights, penalties or liquidated damages provisions in favor of any party. The agreement may be terminated by Westwater at any time, in its sole discretion, without any additional cost or penalty.
as you can see if it is not SPECIFICALLY stated in the agreement, SHORT GAMES WILL BE PLAYED. Even by the companies very own investors.
Guys, learn the game.