Webinar Pump into CR, page-108

I think Sabby was simply a quick and dirty way to raise money "ATM" (at the market). There are quite a few investment funds which do these cash for equity deals, and then promptly sell off the equity to get back the money as soon as an opportunity presents itself. As long as the average sale price is above what they paid, then the final share price on exit is irrelevant to them. They also get a fat fee, essentially lowering the true cost of the shares from the headline number.

They keep the options and perhaps even buy back a few shares after the price has been trashed. If the company is actually any good, sometimes they will come back with an offer to take over the whole company for a fraction of what is was worth at the time of the original deal. They are not there for the long term, they are the equivalent of loan sharks when the company doesn't want to go to existing share holders to raise capital.

Hopefully we are turning the corner with new management. Anybody know if Sabby still owns any shares in AHZ?