Stock promotion The newest attack angle of shorts is that this is entirely a bre-x style stock promotion. And all shareholders will be left holding the bag.
just trying to come from a different point of view here but if this was the case, why do the Renaissance deal. There would be no need to dilute to do this ACQ if the sole intention was to promote the stock, raise the price and sell. It would be useless. I haven't seen anyone ask this question yet of these short sellers. The deal doesn't make sense of this is purely a promotion stock looking to screw investors.