RE: Sold 2.85M shares to cover closing costsWell, it does explain the why of the drop in share price to where we now sit. It wasn't some aimless drift down while we waited for financing closure. WND needed money and $1.10 is where the needle came to rest. However, where was management's foresight to raise money whent the stock was $1.80 for these obvious ultimate closing costs? When I first consider buying a property, I include all costs, including legal closing costs in my pre-project budget. Either a lack of foresight on management's part resulting in a reduced current share price or an opportunity to reward loyal insiders with cheap shares and warrants before the stock is set to climb is what has occured. I'm cooly resigned to this minor dilution; It's just often so annoying, is all, the way this company conducts its business.
On the plus side, it likely establishes $1.10 as the final bottom before the financing closes, and we finally head back up. And normal, semi-patient investors like myself only have to pay a small premium to financing price (minus the half share warrants of course) on the open market to take advantage of the current low price.
Cheers,
El Joro