have a look at the chart from March 13th onwards following raise...

have a look at the chart from March 13th onwards following raise at 30cents never came close to falling below raise price and actually never came close to the actual raise price, on average It hovered between high 30s and 40s following it! this raise was heavily over subscribed and as mentioned by @Qaunta majority went to Cornerstone investors they aren't here to flip for 20 percent gain ... people knew this raise was coming and it was holding the price back! we did well to get it at 50 cents considering the majority of this month has been mid to low 50s!... my guess is we will be testing highs again before we know and now that we are probably funded to the DFS and potentially offtakes, I don't think many people will want to sit on the sidelines any longer! May even see some value investors jump ship from the neighbour who are frustrated with delayed PFS like @Hokusai who get double the leverage over here!