For those who with to raise their understanding of what a...

For those who with to raise their understanding of what a "Sophisticated Investor" tmeans have a read here: https://www.copyright link/personal-finance/how-to-be-a-sophisticated-investor-20150821-gj4has

The idea of CMM selling shares to Sophisticated shorters is in my opinion a misjudgement.
They will be offering the stock to those they trust to share in the future plan for the mine and later value.
Mark Clark himself bought into Regis resources and held millions in stock right up until the mines were years into production.

I just don't see them selling it to sophisticated investors who will dump the share price on them, when particularly the board themselves stand to lose out themselves. It would certainly be the end of the relationship to dog the broker and CMM in an instant like that, that is how you never get invited back to future offers. But hey business is a dog eat dog world so I may be wrong, and i'm not a financial type, i'm into mine engineering.

Just a shallow look at it but that's my interpretation.