GREY:BZAMF - Post by User
Comment by
OneInvestor77on Jun 05, 2018 11:42pm
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Post# 28130087
RE:Shorts get help?
RE:Shorts get help?Seraphim1 wrote:
But then yesterday a bought deal of 3,910,000 units consisting of 1 share and 1/2 warrant. Why you may ask if the company is fully funded and doesn’t need the money?
Well apparently this bought deal is being orchestrated as a favour to a party to cover their short positions. WTF. Why would TGOD want to help some shorts to close their books? Let them come to the market and drive this thing. Am I missing something? Someone please explain.
I was told the deal was made to prevent further shorting, I wasn't told the details, so that's all I know, if that was the structure, then it sounds good for all investors.