RE:RE:RE:$34.5 million bought deal oversubscribedWhy would anyone buy more? Makes no sense at this level. Let her drop about 15-20% then maybe it's time to make a move. Now it's un uncharted teritory ... it can go all the way down.
You recall the pilot when they sold out. A great success story. Is it? They did not say how much they sold though, how much inventory they had ... makes you wonder?
I am invested in this stock and I am positive ... but the management did nothing to support its valuation but used the momento to get capitalized. It may be a very smart move ... time will tell. What is alarming though for me ... they said that all initiatiatives were fully funded and did not need more funds. Then came the news in contradiction to previous statements. Companies at this stage need capital, but more than capital they need strong management to guide the ship.
Buying now ... it makes no sense ... it just passed resistance and can go either way. If it goes up, great it will recover. If it goes the other way, it is way too soon to increase your position.
Be smart and disciplined, don't play their game.
sledig wrote: Definitely games being playing, this bought deal should have been done at higher levels. I'm just recently in thinking there was a financing coming but 2 bucks, too low in my view. Will top up in a bit see we're this settles. Gl
silkos wrote: Anything can happen at this point. Resistance point crossed below 1.85. This has been a fallen knife for a while, now will the downtrade continue? Looks like it.
All investors are in a hole now. But the management which will get a raise for sure.
Dunworkin2 wrote: https://www.newswire.ca/news-releases/nexe-innovations-inc-closes-c-34-5-million-bought-deal-including-full-exercise-of-over-allotment-option-853025334.html