RE:It's a good thing I was also shocked when I first saw news of the financing. Further dilution was the furthest thing from what I expected given they were cashed up from the warrants, and would not have to spend in any collaborations.
BUT, on further consideration I believe this to be good news overall:
1. We now understand the recent trading and Anon's actions.
2. We have set a fundamental floor IMO. We aren't going below $1.20. And if we do not far and not for long.
3. This was a bought deal, bringing in new institutional investment, support, and awareness.
4. Leede is a co-lead underwriter. Guess who's analyst put out the $2.50 target? They will help ensure that this is a reality.
5. Having a solid investment banking advisor is critical during significant negotiations and valuations. Maybe this was the price of getting Canaccord involved?
6. The Company has to have a strategic use for that extra $10M for right now. As others have alluded to, perhaps this is to accelerate their other indications, tech, or...?
7. We've had what, 3 bits of news from this Company in 3 days this week? Means so much must be happening, and quickly, behind the scenes. So am excited to hold and find out.
My only frustration is having bought so much more at way higher than here. Had I been a bit more patient, or known, I could have loaded up at these levels. So this is a gift to anyone else still on the sidelines or wondering if they should buy more.
J$