ReefercatThat is exactly what I was cautioning the board about. This Rights Offering caused some confusion amongst the retail investors and they treated it as a Private Placement Offering.
I think that management expected this reaction and it has become their thanksgiving meal. They are purchasing shares way below market value.
edrose et al clearly understands what has transpired. He is bashing so than he can buy. These are the same people trading on the dark pool. RBC cautioned investors that today is the last day for seamless exercising of their Rights. TD has given tomorrow as the deadline. But the likes of connected savvy investors have until 5:00PM and listen to their deadline date. It is November 27th.
The dark pool give connected investors that extra time. edrose et al is bashing because he understands that the real value of Zenabis is in excess of 1.00$
My advice is to hold your position and to exercise your rights.