RE:RE:RE:$1 per share is a jokeIf the company did not raise, there would continue to be an equity overhang on the shares. Sangoma wants to do deals (they have communicated the strategy a number of times). And because they need to do it at least with some equity, it keeps a lot of (typically larger) investors on the sideline waiting to buy shares through a raise rather than in the market.
The company had to bite the bullet. With CCD, existing shareholders got a sweet deal - we all made money. Now, with cash on the balance sheet, Sangoma is better positioned to acquire, get more scale, and become a larger, more diversified company (valued at a higher multiple). Nice to see the shares trading well above its share issuance price.