No facts...just my sense of things right now....something is up. Word has it that the Private Placement is already filled - that's a lot of money in a very short time. I know that has been some selling of old shares in order to raise cash for buying into the PP, but that would only account for a small part of the $25 million. Of course the institutions are taking a large chunk.....still, that is a very sizable chunk of shares to be able to sell in such a very short time! There is very strong upward pressure here.
I am still very curious as to why there was an option to raise an additional $15 million at the end - why would they do that? Again, I think there is something up. Someone knows something, and only time will tell, I suppose. With the AGM only a few weeks away, we may not have long to wait.
Lion