I don't think they underestimated the price being over 8c at all and your statement around that concerns me.
I mean they purchased the remaining if MCL and another company who had license and a DA approved secure facility. Managment don't control the market that is a fact and they provided evidence that traders had been shorting QBL stock after that announcement was released.
They had every right to belive the shareprice would be above 10c and that 8c was a great CR.
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