Replies to post #371 on Sonoro Energy Ltd (SNV)

[jojoba]

I don't like it either, but I've never seen a financing done above the market price. At least the warrants are priced higher.

[jojoba]

SimplyTheFacts, the lower financing is also in the favor of insiders, they want more shares at this level: " Management and insiders intend to subscribe for a minimum of 4,000,000 units ($1,000,000) under the private placement."