Fouremm said:  "Was the price drop predictable?" Nothing is 100% but I have yet to see a small TSX or TSXV biotech not get creamed in the short term (pun acknowledged) after announcing a "best efforts financing".  Almost mandatory for a trader to sell and go short for a quick profit.

I've been wondering for a while now whether DM has played our short selling friends?  As you note FMM....this short attack was pretty much:

• A slam dunk
• Easy money
• Low hanging fruit,
• A no brainer....m
• Maybe even a sure thing 
• Did it seem too good to be true?

Did Don poke the bear so to speak? 

Schadenfreude means to take pleasure in another's misfortune...not the most noble of human emotions.  But kharma is a pain...and I don't doubt that shorts took some pleasure in heaping misery on shareholders.