RE:Bought a few just to be involvedThey are the ones selling and shorting the stock. Duhhh. Wake up and smell the roses. No one in their right mind would keep this stock .
navajojoe wrote: The bought deal was priced at $2.45US, or about $3.10 in Canuck bucks.
A "bought deal" means the underwriters cannot back down under any circumstances.
So the selloff seems a bit over done.
While the financing was perplexing and unwarranted, considering their cash position, it never hurts to be in such a strong financial position. And to be able to buy so much lower than the poor btards who bought those shares is an advantage.
If the company does what they say, and is cash flow positive next summer, buying here should be a decent gamble. JMO