THIS WAS NOT AN INSTITUTIONAL FINANCING!Get a life people. This was a bought deal at a 6% commission, which means the "institutions" took the risk they could sell the deal to retail clients! And they were paid an extra couple of points for their troubles!
They mitigated the risk by getting a 15% discount on the SP AND then further mitigated the risk by co mingling the financing with the Linamar announcement!
The weak to strong hands analogy is pure B**LSH*T
Check out institutional ownership numbers.....