What's disappointing is the nature of today's equity offerings. Rather than market and sell the units to institutions that either already own AUMN and wish to add to their position, or institutional prospects that express a new interest in the company, these shares were more likely sold to the despicable hedge funds that merely flip the shares for a small gain (20 cents/sh. and a 1/2 wt). I suspect that Friday's 4.6 million share sales were probably gobbled up by the hedge fund(s) that are short 3.7 million shares
That is what really irritates me, why reward those that stick it to you. This financing could've been sold anywhere at those terms with little effort imo. Won't change a lot long term, its just very frustrating to watch those get bailed out so easily when they are working against sharelholders best interests 95% of the time(shorts that is).