Isn't it likely that these placements (the one at 22c and the...

Isn't it likely that these placements (the one at 22c and the recent ones at 10c), are really just warehoused shares that must be sold on market?

I'm guessing that in all cases, the recipient never paid for the placement shares until they were actually sold on-market to small investors. In effect the money would be a round-robin loan until the pracement shares were all sold out.

Lord knows what happened to the money after that.

It is a noval and mostly legal way to raise money from the market.

A