RE:RE:I like the slow rise
marf49 wrote: I still can't figure out where all that $$ of dilution went, since the building was almost built.
Where the money went is clear to me. On Dec 1, 2020 (first day of their second quarter), they paid down their long-term debt by $55 million.
I suspect the bank wanted to de-risk their position with OGI.
Effectively, OGI swapped equity for debt. They took money from retail investors to give to the Bank of Montreal.
That's how I interpret the money trail.