Announced brokered offering has really put a damper on SP!I was expecting the announced brokered offering twelve days ago from Eguana would not have much of an impact on the SP but I was mistaken. We are are nearly a third of the way through spring and major announcements by both the provincial (Quebec) and federal governments for green energies with the result of no enthusiasm for Eguana stock.
I wonder how much of the offering was taken up by new investors because from the looks of it the SP could stagnate until autumn before they could liquidate all the shares on a best effort basis. Lets hope for the best and not miss the train to growth and profits for shareholders.
All in my opinion.