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Sunday, 04/12/2020 7:54:58 PM

Sunday, April 12, 2020 7:54:58 PM

Post# of 701428
The question of why the company raised money when it did may have been a case of being tempted by an Institution that want to buy in. When a broker comes to you with money, it's sometimes hard to say no, and when a broker has a customer wanting substantial shares, normally an Institution, they know they can sell out the offering. The company may want the interested investor to be a shareholder.

While it's JMHO, it's based on something I was told many years ago by a broker.

Gary
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