Cannabix Technologies Inc (BLOZF)

[lngnstrng]

if a private placement is a really good deal you would never even hear about it until after the money had been raised.

seriously that is complete bs what you say. to stick to your example with tesla they also did numerous public pps and not only insiders/friends/associates did buy the stock

http://ir.teslamotors.com/releasedetail.cfm?releaseid=765206

from time to time companies need money and they can raise it via pps for example and that dont make it a bad deal per se.