why is the share price so dismal one of the worst mgmt teams ever - there is 30M short because mgmt are the definition of sivs
the company started out going public and waiting on Scotia bank to finance them but instead they were too smart and took money lower down with a hedge fund and a death spiral. Tapping the same toxic fund numerous times until we arrived at a $0.04 stock.
so hedge funds are shorting to get a wt and free trade stock right when its rather obvious the sector has bottomed and the company has finally has its feet underneath it with a strong qtr
they should screw the shorts promote the stock then do a private placement (no free trade) and no warrant - tell the mkt we are not raising money - but they are not taking calls right not because they are very likely doing another pathetic financing
The company isn't burning cash anymore
NO MORE HEDGE FUNDS
ACB is a 4 bagger in the last few weeks with a massive short position and still burning cash
ZENA is one of the cleanest LP's with the lamest capital markets management
surprise me