Dec. 11 at 12:16 PM
$NNOMF That is what I was saying except that it was NOT a “secret way” of giving shares but a normal process.
Here is the seeking alpha take on it-
“ATM (At-The-Market) in place to sell shares directly into the market. Thus, the overnight funding came as a shock to many. Overnight funding is simply where the company is typically approached by a broker and presented with capital that wants equity in the company. It is a way for bigger fish to enter the stock at a discount to the current market price, while the company receives capital. Nothing too abnormal, but the reaction was severe in the form of a 24% drop in share price”