Q: I recently sold a small position in CZO after the run up and their announcement today. I did not like the private placement doubling while simultaneously lower the strike price on warrants to $1.50... I thought the previously sized raise and terms were very strategic but now I think there could easily be some cash over hang and general selling pressure with the raise and warrants priced much lower. Do you share this view? What do you think is a decent re-entry point for a higher risk investor?
Thanks
Thanks
