Unfortunately this a very common practice. Companies need money. The choice is either live with it or get out of markets and stay out.Yep manny it will be interesting as it may prove what a dog management and directors we have at brainchip, it will prove without a doubt that retail shareholders have been sold out again. Anyone who says that they don’t know who the shares are being sold to in a book build if FOS, The directors and management know exactly who the end buyers are. Sophisticated Investors equal shorters. Why don’t retail buy into the SPP because they don’t trust,believe,the absolute bullshit fluff that has come out of our CEO. If our shares had not have been manipulated/shorted and driven into the ground in what appears to be a concerted effort by management to keep the share price down, to suppress and Deny the market and investors of imformation this share would be north of $1 and retail would gladly invest. A absolute sad state of affair is about to be disclosed for the second time!!
No point stressing over it.
The trick is to take advantage of it.
This time the raise sees a very much higher level of shorting in the background