RE: news....decent spec Why doesn't management force to close the previous bought deal financing at $1.
Was this pre-arranged manipulation so the broker/certain individuals could sell as many shares as they could announcing the $1 finanancing knowing full well that they could cancel it and buy it a a substantially lower price?
It is interesting that management did not enforce the closing of the $1 bought deal financing and are now doing it at 65 cents.
I think whatever little credibility they had is lost now. Hopefully statoil takes this company over.