Post by
Adstock on Dec 23, 2020 11:05pm
ENBI: Private Placement
Can’t understand the reason for this private placement at such a ridiculous price with half a warrant already at-the-money! Unnecessary dilution for a company that had no need for cash in the near term. What is there to take from this? Lack of confidence or special (if not specific) request from institutions. Why did the OSC allow such a deal? Makes no sense and makes a lot of small investors very upset. Please explain!