RE:Aarman4It's been explained to you many times over as well.
Investment banks are deal makers. They require substantial profit, or no deal. They hold the cards this time round. The best deal for them is to release the torch news AFTER the bought offering to max their profits. So that's the deal.
This stock is about to run hard. A deal at this low ebb is the optimism scenario for investment bank profits. He didn't do this at $6 because the uplist process wasn't ready and the torch deals weren't ready to announce yet. The stock would have drifted lower during the wait, as we have seen happened, and the investment bankers and their clients would have been very unhappy. Now both uplisting process and torch deals are done. It's coming fast.
You can't see the forest for the trees. AND really, you're choosing not to.
fdfd12 wrote:
Do you agree with I have said many times over?
Why would he issue shares here instead of either
(1) issuing when the price was $6.25 and issuing at $5.75
or
(2) waiting for the order. Releasing the news and letting the stock go
up to let's say $10 then issuing at $8 or $9 so less dilution since less shares for the $10M.