Interesting. Dr Sean Hall recently said there wont be any need for a raise for the next few quarters if my memory serves me correctly. Unless the recent distribution agreements require extra capital. The SP has been played with for 24 months since the placement at 90c. I believe MDC has a bright future and those manipulating SP since placement (sophisticated/institution investors) have done this on purpose to flush out larger holders for peanuts since IPO and CR at 30cents. And here MDC is at 30cents, surprise surprise.
Phase2 Nanabis results may follow this raise as they did state results due December. If it is just for institution/soph's investors then it is giving those the luxury of loading up at rock bottom prices which is pretty harsh and unfair to the long term retail investors, which they did to us (retail) in the original case of 90c placement. But i guess if they push this down further to mid 20's ill take advantage of the manipulation and take part of the game. If any lower then even better for the long termer's.
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