RE: Unanswered questionsFinancial Sense - shorting. I was wondering about this as well and here are the banks that participated. JMHO but WIN is the perfect target for shorting and the scenario Jim Puplava describes fits perfectly, particularly his comment about paid posters filling the boards with negetive posts, i.e. those brand new goofy usernames that show up and only post on WIN bb. I do not follow who is buying selling WIN every day, but lack of interest and understanding has made the sp. weak but there is enough volume and spread every day for it to be played.
Wi-LAN Closes $40 Million Bought Deal Financing
Tuesday, March 13, 2007
Ottawa, Canada – March 13, 2007 –Wi-LAN Inc. (TSX: WIN) (“Wi-LAN”
or the “Company”) announced today that it has completed the previously announced sale of
5,714,300 common shares of the Company. The shares were issued on a bought deal basis, at
a price of $7.00 per common share, for gross proceeds of $40,000,100. The shares were
offered by way of a short form prospectus in all of the provinces and territories of Canada
(excluding Quebec) and in the United States on a private placement basis. A syndicate led by
Wellington West Capital Markets Inc. and including CIBC World Markets Inc., Genuity Capital
Markets G.P., Paradigm Capital Inc., GMP Securities L.P., and Dundee Securities Corporation
acted as underwriters for the offering.
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