RE:RE:RE:RE:RE:RepliCel Life Sciences Announces Brokered Private Placement Also if you look at this offering in another light:
Had they raised this money at any other time it would have sent the stock price plunging correct? However they know that clinical trials are coming up and investors are not willing to panick sell before they come out, therefore they release this news about the private placement and it goes relatively un-noticed. We saw a sharp drop of about 15 cents that morning and an immediate recovery from people who want to hold for clinical trial results.
So in that sense, it made pefgect sense for them to do this now as they knew the SP would not fall.