To be fair, exactly the same was said of Regal when WA1 did their first raise.
"Oh, Regal are parasites", "they will short the stock now". "They won't hold". "There will be huge pressure on the SP" etc etc.
Regal held and made big money.
I'm sure they'll take some profit along the way but can't see them dumping everything for a 10-20% gain.
Ann: Botanix $70 Million Institutional Capital Raising, page-154
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