It is amazing how every management expects these so called “Sophisticated” investors to bolster the share register. When will they realise these are just pip traders that will sell down as soon as they receive their shares?
Almost always drive the SP down as soon as the shares are issued. Expected better from this management. I’m sure they could have brought on some cornerstone investors and green funds to the register, if they’d made the effort to do so.
It is just disappointing to see these assholes being given freebies in the name of discounted share placement.
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