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Message: Resverlogix Announces Proposed Offering of Units

 

BFW, if the buyers are in place, this is likely bullish.

If this is one of Don's wish and prayers, then like DND, I also expect a redux with Bloom Burton. On the surface (if there are not buyers in place), this is a kick in the teeth to any retail investor who had hoped for the stock to run before the topline results so they could reduce some of their risk. 

I understand managements objectives only intersect with retails ever so often, mostly upon a sale and they likely don’t care as much as us if the price runs before the topline but, this is curious if the buyers are not in place. 

Why put a ceiling/crusher on the sp at this point? I had hoped they raised enough money already to make it to the finish line. How much dilution are they going to save at this point, versus one of these meandering raises that take many weeks? 

I hope management knows what they are doing here, and they have a bunch of US investors lined up. But if not, this is not good if you care about the sp prior to the topline results.

 

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