Those investment houses that bought into the pp and exercised warrants likely aren't very happy with Dick Nemis. Their investment soured in part due to overall market conditions BUT also because E1 proved out to me smaller than expected.
Pretty hard to point any fingers at Noront Managment as there was no distortion of information and investors always have to do their own due dilligence and discount the euphoria of management who think they are the best thing since sliced bread.
Consider however that those investors are way out of the money and have a lot more ground to make up than the new kid on the street who now has just under 10% of shares under control.
I don't think Pinetree and others are going to trust the upstart who could well be happy with a 'double' in share price when an incease of 500% is required to 'break even'.
Sure going to be interesting.
6 members recommend this.
Mr. Parisotto and Mr. Hamilton address the Noront investment community.
