RE: RE: RE: RE: RE: what happened Company releases news of a financing
Shorts start to enter market and sell stock they don't have access to 'on market'
Shorts aquire stock from placement to cover their position 'off market'
Shorts maintain warrants as a rule but reduce the amount company is able to raise forcing them back into the market and then the process repeats.
There is not much management can do about it other than make sure the stock is placed into the hands of people they trust, the broker is all important.
I would guess that Northern Securities Inc may have indicated to the shorts allowing them the ability to cover off market. https://www.northernsi.com/CapitalMarkets.htm