Why cancel a bought deal?Well just bought some more this morning... my take is that since this was a bought deal it was up to LFD to cancel. Since they had a bought deal, to cancel it should mean they have some other kind of financing they prefer.
If it had been a best efforts deal and couldn't be sold due to the stock trading too low, then a cancel would have been bad news, but since the risk was the brokers why cancel unless you have something better?
Anyways just guessing but at this low price the risk/reward seems good.
BTW... I assume this 60m short position is a joke? Is someone saying all shares issued have been sold short?