Ann: Bonus Options Offer, page-321

What's the bet the CN drags on and each day the SP falls as it has so predictably and then the clever BOD does the $7.5m placement at 80% of what's left of the SP.
Just who is buying this SP each day baffles me. We know the CN selling is constantly coming and it's profitable for them to sell it down each day.
Well done Athan ....you are the Chairman and CEO that destroyed circa $60m of market cap all for raising $2m via a toxic instrument which you obviously did not understand.
These are facts.
There is the CN announcement last year which states we are raising money at a premium and to a institution (not )
Bonus for raising funds via toxic shareholder equity destroying instrument.