My 2 bobs worth, many companies put out results, though partial....

My 2 bobs worth, many companies put out results, though partial. Large cap raises, then a few day/week later, let out the cream of the crop for the new ‘sophisticated’ investors to get out at a juicy premium.
That’s why these companies aren’t raising $2-$3 million, but many times that.
A classic for this strategy is DEG.
I presume they had the results there already, it’s the carrot to entice the investors. Classic was speeding ticket, we know nothing, 2 days later cap raise and good results.
For $10m to be raised in a few hours for a company still in infancy so to speak, there is definitely a smoking gun