So first MZI says it will not be underwritten than a couple weeks later now it will be underwritten.
Judging by the volume of shares traded in the past week the market obviously preempted the argonaut news. They initially liked it, now don't. Why no price action today?
Incidently Argonaut also just did a placement with Olixir (petroleum) for 1.85 mil the other week.
In the absence of good news this month expect some turbulent share price action at these levels when the new shares are allotted.
It appears a pattern now that whenever MZI trades heavily there is an announcement on the horizon. Unfortunately we all find out last!!
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