IOMTT!
They saved $175,000 in comission and have dropped $8M in market cap in that time.
Makes sense to me.
Any capital raising product that offers zero bro costs comes with a cost in other areas. There are no free lunches in finance.
I am one of those "with knowledge in finance and capital markets" and we all know that a convertible note with on-market unwind features is not as good as a straight equity placement.
Impact of dilution on shareprice is all about certainty.
Convertible notes of these types do not provide certainty.
Staright equity raisings do!
I dont know where he got his advice from on that one???
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