pp price
Unless it's someone like Sprott taking the entire placement why on earth did they price the placement 20 cents or more below the mostly rising SP? Isn't the idea behind a pp to offer a large position in the company at a set price slightly above the current SP as an incentive since there's no way you could ever pick up a 7 million dollar position on the open market without pushing the SP well over $2-3? Maybe I'm missing something, if someone can educate me here?