Well, that really killed the momentum. So much for the early debt repayment and Constellation footprint announced yesterday morning. Now watch the instos short the shit out of this with their excess shares until they've had their fill, and screw the people who took all the risk and got the company this far when there was nothing but hope and debt, and nobody else (not even the instos) would stump up the cash or touch it with a barge pole.
Happy with the raise, but there should have been a rights issue. It's not like instos don't manipulate the share price when it suits them, so a few retail investors selling to cover their investment shouldn't make much difference.
Ann: AERIS $50M PLACEMENT PRESENTATION, page-14
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Mkt cap ! $159.6M | |||
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