Thesis during frustration Quick thoughts:
- company is growing fast, super differentiated and tons of liquidity and low debt.....
- multiple catalysts ahead
- in two most recent "Bought Deals" it raised $100MM at $2.40 and $2.70/share.
negative bashers will try and sell u that the brokers are selfish and don't care about their investors. This of course is BS. Cannacord, Echelon etc are highly respected firms and represent many clients....of whom bought at $2.70 and $2.40.
BMO has provided a LoC of $62MM. A series I bank wouldn't do this unless their diligence say it's a solid bet.
For those fretting: chillax