I would rather see growth then a dividend in the near future. I agree in an ideal world use use cash in the bank first however should another Matso opportunity come along I would not want the company to pass it up if a placement was required so having the shares ready is a wise move by management.
Like grizzly mentioned most small and mid cap stocks vote on a 10% placement every year. Nothing to see there. This should be the first quarterly with Matso results incorporated under the same umbrella.
You might regret selling a couple of days early. Best of luck, I'll be buying.
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