Last few financings their justification of the alloted price was the 10 day average.
Hope they followed the same.
I think the folks who get these alloted (private investors), dump the stocks for a minor loss today (0.33 --> 0.3) and in the past cases lots of gains (0.3 --> 0.38). They have completely de-risked themselves. Now, they have millions of warrants (which are also locked so that they cannot sell) which they hold on to, till we see the results of the P3..
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