DionyMed Brands Inc (Sub Voting) DYMEF

C$10 Million Bought Deal Private Placement

[oldundrtkr]

This might explain the share price weakness.

https://finance.yahoo.com/news/dionymed-brands-inc-announces-c-115200790.html

DionyMed Brands Inc. Announces C$10 Million Bought Deal Private Placement of Units Co-Led by Canaccord Genuity Corp. and Cormark Securities Inc. and Grants Option to Increase Deal Size to C$20 Million

[JimmyChiu1972]

This post has been removed in accordance with Community Policy

[BenjaminGraham2]

Was actually shocked to see that they did the raise at $2.75 when they did their last raise at $4.25 in November, basically indicating to the market that they overpriced their last raise by 35% and have now diluted those holders. They most recent raise has a warrant that can be executed at $3.80 which will add a further overhang in the November round getting back to even. All in all management has

[Tradertimestwo]

Not too worried. The real investors will hold thier shares till its much more than 4.25 anyways. I will stick with them.