Not a leaky ship so much as the SIs dumping their allocation from existing holdings the second they received their allocations.
Interesting move. I knew the company was low on cash but had figured they'd limp over the finish line if we were looking at a Q2 transaction. Prudent by the board but perhaps indicative of a longer timetable also.
Ann: PRIVATE PLACEMENT COMPLETED FOR CORPORATE INITIATIVES, page-3
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