Q: On Oct. 1 Kracken announced a bought deal of $25 M at $1.6 after the market close, the stock closed at $1.78 Oct. 1. On the morning prior to open they announced an upsize of the deal by $20M, the stock closed up at $1.80 on Oct 2 with very large volume and has maintained that the last couple of days. When you see this type of event what thoughts do you get about it and the stock.
5i Research Answer:
The issue was upsized to $45M which is of course a sign of strong demand. The price action (new...