RE:Question.......Soccerguy wrote: I am relatively new to this game so bare with me......There was a bought financing twice both at prices substanciallly higher than today’s closing. You would think the price would stay relatively close to that or higher.....how can this be less than half of the bought deal price. Wouldn’t banks or the institution involved be angry? Something is up here.......higher than normal volume today and a very weird declining trend although most post stocks are struggling,
No, because the financiers short the stock, and then cover with the short-form stock they were issued.
This last financing was extra greasy, after a heavy bought of shorting, they voted on a 10:1 rollback which torpedoed the stock just as they announced the deal. Not only did they get their 6% commish and brokers units, those warrants also carry a 5 year term.
These kunts are hugely in bed with the funds. Sucking them off after they take it up their own cornholes.
The whole name of the game is to take your money, not make it for you.