RE:I'm glad they raised that $100M when they did Allow me to showcase the fallacy of that logic.
Delta 9; case and point, raised $23m last December from Canaccord Genuity at $2.70 only to flatline and drop 50%, it hasn't been in the $2's since March (excluding this last run up). After almost a year, Cannacord has yet to BREAKEVEN.
They raised another $16m from Auxly at $2.75 2 months ago, it tanked to $1.75 now.
Just because accredited investors pay a premium doesn't mean the stock is gonna sky rocket to that price. Also Supreme's timing of the raise was a little, just like everything the company does. Run up the least, crashed the most.
theTransporter wrote: $100M debenture raise was at $2.45 per share which was a premium over what it was trading at.
You also have to understand there is $100M invested here by accredited investors and a great number of them with deep pockets to pour into this $100M financing.
These guys have way more experience with investments and are smarter with their money than a majority of the morons who are self proclaimed experts spending their life on these boards trying to "save you" from losing your money out of the goodness fo their heart.
These accredited investors who bought in at $2.45 are not idiots. They know exactly where this company is going and how much it will be worth. They are investing long term not to make pennies, but to make substantial returns.