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Re: jbog post# 13706

Sunday, 05/24/2015 11:21:22 AM

Sunday, May 24, 2015 11:21:22 AM

Post# of 20689

…they found no buyers for the balance of the 2nd ATM and had to discount the value to obtain more capital.

ATM shares can be issued without locating buyers; the investment bank who takes a commission for handling the ATM—Stifel in this instance—is required to buy at the market whenever MNTA wants to sell.

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