The fact that it was underwritten doesn't change the little...

The fact that it was underwritten doesn't change the little detail that virtually no retail, nor insto investors, bought into the CR. That means that VRX didn't raise cash from shareholders. Its a vote of no confidence in the current VRX management, as plain as day. What happens if VRX need to raise more cash from the market in the near future ? I doubt that Canaccord will want to underwrite it again. To have any chance of doing another CR, VRX will need good news announced before, or else no cap raise. So it depends on the EPA coming through, or something else (but not bullshit stuff), or else VRX will run out of money. This all looks pretty serious to me.

All IMHO, DYOR