I know I keep saying this, but I think its related to an undisclosed acquisition arrangment. From MJ biopharma's perspective it would make sense to agree to a major drop in shares if it means Vinergy is able to acquire a seperate entity who's value would compensate/overcompensate for the share cut.
You also need to keep the privatley placed shares in mind; more shares to MJ means dilution. Its a balancing act.
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