V.DM PP investors running dry?There appears to be a lack of investors appetite for DM, since only half of the latest PP this year has been filled.
To close the first PP, guarantees that there would be no share consolidation this year, and insiders had to buy in late to close the PP. This time insiders bought in early, and yet only half of the PP has been subscribed to as of July 3rd, and with no press release of the second half of the PP closing one has to consider that investors are getting concerned and holding onto dollars for other opportunities.
With DM missing its own YE financial release deadline of end of June from their own press release, which has been mentioned here a few times, and the jump in shares shorted by over 6 million, no close of the second tranche of the latest PP which was for working capital again in their own press release. Are investors leary and are starting to smell "blood in the water", and will the second tranche be repriced to $0.01 cent reflecting where DM sits since DM has had a new all time low of $0.005?
Only time will tell, the TSXV deadline gets closer, no replies to calls or emails from investors, even an acknowledgment would suffice, is it any wonder that this is stock sits at $0.01? Less than the $0.02 PP which should have built confidence?