Depends on your interpretation of "investor". I wouldn't read too deeply into thinking that just because SIs take up placements that they have some "good" news. I have seen many millions of dollars put into placements where they lost nearly all their money. There is nothing "diligent" about many placements, primarily profit and greed are the dominant determinants.
Let's hope the "material" nature of this placement is not too generous for the S.I.s and put too big an overhang over the market as there are only a couple of possible catalysts to come to counteract that.
Hopefully, one will come tomorrow. Let's wait.
AKK Price at posting:
0.7¢ Sentiment: Hold Disclosure: Held