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Message: Re: ATM
ATM
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Nov 02, 2023 10:15AM
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Nov 03, 2023 08:50AM

This is allegedly a bought deal.  Its underwritten by Maxim. The market just doesn't know when, how much and at what price.  Those small details are left out, causing panic. 

Under a bought deal, Maxim buys the shares and then sells them to the market.  It was more than likely them buying all of those shares yesterday, as the prospectus allows them a stabilizing market maker status .  I suppose they are confident they can sell them higher. 

I qualify this statement by reminding readers that this is a preliminary prospectus.  I have contacted Maxim this morning to request the final one, as directed in the POET NR.

 An ATM is just a best efforts type deal that got very little traction. 

 

 

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