RE:RE:Pay Attention! I sense a serious 'short squeeze being set upI'd suggest that this raise, given the timing, has more to do with financing a new graphene plant ( $ 25 millionish) as has been discussed, possibly in North Carolina.
Although timing seems somewhat inopportune, it would be far worse to be caught short of cash in this market envirnment as they only have about $25 million cash cushion without this raise.So a small raise seems emminently reasonable, though as executed , somewhat damaging to pre-existing share price.
While I consider Soroush and team extremely capable at managing most of the elements of Nanoxplore, I do think they could further improve corporate communications . Allowing Paradigm and others to heavily tout GRA stock prior to the offering probably causing many to buy in the market and left them fewer resources to support the underwriting resulting in today's rather lacklustre apparent reception.
A potential short squeeze, as alluded to by 1Student , would probably be seen as welcome relief to the most recent shareholders.
Oh well...Caveat Emptor...encore une fois!