Else Nutrition Holdings Inc (BABYF)

[BruceLake]

Not nearly as bad as I thought it might be. I was afraid they would be trying to raise a lot more money!

https://www.sedar.com/GetFile.do?lang=EN&docClass=8&issuerNo=00032739&issuerType=03&projectNo=03401230&docId=5232136

One should never be happy with any form of dilution, unless of course it's earmarked for something that will further the company along and ultimately benefit all shareholders. What puzzles me is why $7 million now when they're already sitting on $18 million cash in the bank? Maybe we'll get some clarity tomorrow but I suspect they may have a specific need for the funds and do not want to dip into their cash reserves used for their operating budget.

Don't be surprised if there is a dramatic uptick in the SP in the next few days.