RE:RE:RE:RE:RE:RE:RE:Bevcanna with above-market offering at $1.5You nailed it right on the head.
You should note that today there was only 750,000 shares traded. There were more then 8,000,000 shares traded over the past two days.
Where did these traders go?
They were given a free ride to $1.50 by the announcement of the $3.5M above market offering.
A free ride.
Why are they gone now?
Obviously somebody got what they wanted to sell and the market handed it to them on a silver platter.
They will try to hang in there (with the shareprice) till either the deal closes or more hopefully the license comes through.
Right on time to issue the equity raise.
Both the transaction and equity raise are huge dilutions to any existing shareholder. (most likely why any sane insider would be dumping existing shares at yesterdays prices and starting fresh with new transaction shares)
In my opinion this will happen before the year end financials come out.
Those won't be good.
Play safe.