I agree with what you have said and although I didn’t participate in the placement bought on market today at what the sophs paid. in reality the company is hedging it’s bets isn’t it. If the first hole doesn’t show much it will probably get dumped by the ST thinkers. If this happens (and that’s a big if) you don’t want to be raising back down in the 3’s or 2’s
my opinion anyway
good luck
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