RE: Equity line $6 millionNow I can see why there was a halt. This looks pretty good to me.
If the news was about the project being approved, the stock would have taken a bigger run. It’s just too public a process.
For me, it has never been a question of when or will EMR will get a permit, but HOW? They’ve been running on fumes for a while now. This deal should solve that and give them more than enough to get permitted.
Now we can see who was doing all the buying these past two months. Looks like the institutions involved were taking free-trading stock off the market up to about .12 cents and they’ve pegged the deal at .10 cents. This deal is complicated but my gut tells me they all think they got it cheap, so we should see it keep moving. A cashed-up company makes for a happy stock!