wouldnt this be fot tranch 2. obviously?
seems there are alot of people on here who have obviously been burnt hard by previous managment. the last raise was done at 6c the 52 week high for TBA is 6.8 since then we have all global indexes come of 20 to 30%
if i were to guess i would say T2 of the raise has been re priced bit hard for sophs to pay 6c when the stock is trading mid 3,s
maybe also worth noting gold and small cap sentiment at the moment is horrible. fundamentals are strong here and gold will have its day again imo
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