come on mate - for someone with 30 years experience you don't seem very clued-in.
The insto was Hunter Capital Advisors - it's in the GM Resolutions.
Raising above the share price is a badge of honour - granted in this case the price fell afterwards, but it demonstrates the demand for the stock which otherwise couldn't be gotten on market - too tightly held etc.. this is basic ECM stuff.
As for the price 'collapsing' give it a rest will ya? The whole world's nervous about overvalued toppy markets, Trump, Brexit, UK elections, terrorism, debt levels, bond yield-curves and we're in a tech startup stcok - what the hell do you expect, fireworks every day? Oh, and it's June.
Shares go up, shares go down - as they say on Broadway I think 'it's not where you start, it's where you finish' ...and we've just started.
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