Entourage Health Corp V.ENTG

WeedMD Cuts Back Financing To $15.0 Million In Gross Proceed

[AwareInvestor]

WeedMD this morning issued an update to the $17.5 million bought deal financing announced by the company a month ago. The financing has seen a reduction in both the total funds to be raised as well as the price per unit being offered by the firm.

https://thedeepdive.ca/weedmd-cuts-back-financing-to-15-0-million-in-gross-proceeds/

[Supertech]

OMFG!!! What's next! How about a good swift kick in the nuts?

[babasilvi]

At least they got 15 000 000$  working capital.  Eight capital still believes in Wmd and hasen't  ran away.

[shenry24]

You're missing the main point here.  Based on their conference call last year, when they said they'd be cash positive in 2021, they shouldn't need $15 million for working capital right now. They have let us shareholders down big time!  I think those lawyers have a case now since there is a ripple effect.  

[Ackilles]

Whine much? This news will result in an opportunity to buy. They have made recent movements and product development that requires additional working capital. $1 within the year.

[shenry24]

You're laughable.  Us longs have had PLENTY of opportunities to buy over the last 2 years.  We are not looking for any more opportunities to buy, rather for this company to start executing and stop functioning with their heads up their rears.

[Ackilles]

If you bought 2 years ago, you overpaid, plain and simple.

[shenry24]

You're point?  I also managed to buy and sell enough to get my average SP to $.25 and miraculously came out ahead with an overall realized gain.  Like I said- us longs have had enough opportunities to buy the dips.   Everyone that bought a couple weeks ago and hasn't sold yet is in for a hell of an emotional roller coaster.  Just when you think the SP won't get