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they sold the shares at a 7% discount to last close....so, currently down 4.6% on my screen _could_ be seen as UP 2+% on the day.....a glass half full thing.
I don't see it that way. Baytex is down 8-9% relative to other Canroys that I have (PGH, ERF, PVX, etc.). So they are being punished by the market for this move.
Yep. Being punished. I don't get the need for raising the additional cash. Any theories on this?
down less than 1% now...that is pretty good given the dilution and sales price of the shares at a 7% discount.BTE now has cash to grow with.