MMCAP closed out short position today from early June 2020If you look under PLAN OF DISTRIBUTION in the June 25, 2020 prospectus on SEDAR, there are some lockup provisions.
MMCAP shorted from 18 cents in late May/early June 2020 and covered whenvever lockups and market price allowed them. Totally orcestrated and just hope they are fully closed out from their big short play.
here is a copy/paste from the June Offering Prospectus on SEDAR;
PLAN OF DISTRIBUTION The Company has also agreed to use reasonable best efforts to cause each director and senior officer of the Company
to enter into lock up agreements in favour of the Agents agreeing that until the date that is 60 days following the
Closing Date, such directors and senior officers will not, directly or indirectly, without the prior written consent of the
Agents, acting reasonably, offer, sell, contract to sell, lend, swap, or enter into any other agreement to transfer the
economic consequences of, or otherwise dispose of or deal with, or publicly announce any intention to offer, sell,
contract to sell, grant or sell any option to purchase, hypothecate, pledge, transfer, assign, purchase any option or
contract to sell, lend, swap, or enter into any agreement to transfer the economic consequences of, or otherwise dispose
of or deal with, whether through the facilities of a stock exchange, by private placement or otherwise, any Common
Shares or other equity securities of the Company or securities convertible into, exchangeable for or otherwise
exercisable into Common Shares, other equity securities of the Company held by them, directly or indirectly.