who is selling?The people from the latest financing?
2,149,359 Units !!
https://www.newswire.ca/en/releases/archive/September2009/10/c3942.html
" TORONTO, Sept. 10 /CNW/ - Microbix Biosystems Inc. (TSX:MBX) is pleased
to announce today the closing of its previously announced private placement,
resulting in the issue of 2,149,359 Units at a price of
.35 per unit. The
investors comprised a syndicated group of biotech investors.
The financing was non-brokered. A total of 2,149,359 Units, each Unit
comprised of one common share in the capital of Microbix Biosystems Inc. and a
common share purchase warrant, have been issued. Each whole warrant will
entitle the holder to purchase one additional common share at an exercise
price of
.55 with an eighteen month expiration date. In connection with the
private placement, Microbix issued 300,000 warrants as a finders fee, each
finders warrant entitles the holder to purchase one common share at a price of
.35 for a period of 18 months."
Now they sell and buy back later for
.55 even if the share price is higher ???