I still think it is a direct consequence of last week's announcement.
"we might offer 150M shares in the next 5 months. Instos, can let the SP run and pay $3 per share or manipulate it down so you pay only $1.5 per share"
Guess what they're gonna do?
I still can't wrap my head around that move (talk about "keeping your hand close to your chest"). Hopefully there is more to it. The we want to avoid the delay we saw last time" makes no sense.
But even if it is an error of judgment (I'd be so disappointed, JP is a lot smarter than this and his advisors can't possibly have done this), in the long run, it won't matter. Galan is a monster in the making. Don't let them shake your hand, don't panic and give them your shares at discount.
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