Re: House position JanuaryThanks to Maltais for the info.
Canaccord has increased its selling activity as part of the ATM program.
In Dec: 3.9 M shares sold for 1.3 M$ in cash.
In Jan: 11.8 M shares sold for 3.9 M$ in cash.
Might not all be ATM program. Although some additional ATM selling could be done under ANON.
Program approved for a max of 50 M$ in cash roughly 45 M$ to go - still 150 to 200 M shares to be sold on open market.
SP when ATM program was announced was in the low 0.40$s.
Now at 0.30$ likely to fall back into the 0.20$s in the coming days.
Selling over 10 M shares per month to pay the bills is not sustainable.
Need positive news to support the SP. Otherwise, this will really get even more ugly.
JIMO GLTA