RE:How can I buy flow thru sharesCEOofEPO... Exactly! Participants in financings are not typically retail investors period. The 3.4M $3.65 flow-through shares in latest financing have an after-tax cost of less than $2.00 for most 'investors' able to access them. The other 10M at $3.10 also not likely much retail participation. In fact we were told "35 institutions" who would support share price participated. What *actually* happened *immediately* after financing? Short interest skyrocketed by some 2M shares (subsequently cleared just as financing closed - what a coincidence) and share price tanks for *weeks*. Point is, in my opinion it was a horrible financing compared to the "strategic investor" that was hyped for *months*. Based on what I see it seems reasonable many of the participants immediately sold - to breakeven or for a profit. Square this with narrative that 35 institutions will support share price. I would like to know how many of recent financing participants actually still own shares and are net long CNC - because chart post-financing does not suggest many are IMO. But ignore all of this because Selby and just buy! Lol. To be brutally honest which is all I have tried to be despite the immature attacks and insults - I do think CNC selling may be near done. All I wish is company would stop over promising and under delivering - and that intelligent skepticism of company was not immediately dismissed and attacked by posters who do nothing but pump CNC - that is all. GLTA!
CEOofEPO wrote:
Seems like you have to be rich to do such a thing? Why doesn't retail ever participate?