RE:RE:I don't even know why I care to defend myself here, but...Let's move on from the bought deal, since that conversation has gone off the rails.
Instead, the mere fact that a bought deal has taken place is probably a good sign regarding SEV. This is not a guarantee, but if Mackie thinks there is strong interest in SEV then I defer to their judgement and cross my fingers that they know better than any of us. This merely means they feel there is good interest in SEV. I would love to hear that syndicate partners plan to hold SEV in their prop accounts, My gut feeling is that SEV will break through C$1 very shortly.
Anyway, I have a serious concern that the bought deal has taken place so soon after the expiry of the previous round of warrants (the previous round put downward pressure on the stock until expiry and then the syndicate swoops in and grabs exposure at a big discount from the new equilibrium price, which is predatory -- that is simply my humble opinion, and that's the basis of my original dissatisfaction)
FWIW, I bought some shares during the recent dip. I still have reservations for what the money is needed for. They make such large margins on their products that even if sales are expected to ramp up, they can roll the proceeds from early sales into buying capacity from third parties very easily. I doubt we are going to hear an explanation before this deal closes in early May.
You guys seem to think the money is needed, but I will refer you to Sandvines (SVC). They raised money, didn't need it and then used it as part of a NCIB to buy the stock back at cheaper prices than the valuation they raised at. SVC has still done very well, so the lack of focus for the new funds doesn't necessarily translate into poor stock performance. It's just that people don't like a company hoarding cash if they don't have any reason for it. For one thing, there is a risk a stock falls below EV and becomes a takeover target, and that's easy when a company has too much cash and when it is a microcap.