RE:RE:P.Placement at .22cents share price at .54 !!!!Londondrive
the motivation for the private placement was a circumstance in which the company saw an outstanding opportunity for rapid growth that simply required additional financing, then the eventual extra profits realized from the company's expansion may push its stock price substantially higher.
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This company has never had any significant profits in its history !!
This is why they need continual placements !!I.
I concede that an official approval by health canada would cause a price spike but lobbying !To me this is just not a rational explanation for such a huge spike !
I've seen this action with companies in the past but there is usually a quick spike due to leaks and in a matter of a few days there is news !!
I Don't like the leak thing since some investors arre unduely advantaged but at least it does explain what is happening .