SEC filing should have meant nothing, but obviously some weak holders sold to beat the decline they feared will come with the large holders’ selling. Their selling triggered more selling when the price went below $8.50, triggering stop loss selling. But these large sellers will only sell in pre-arranged large blocks that may be at a price that is lower, higher, or at the current price. They will not sell a few shares at a time.
From the press release: GTIM today “filed a shelf registration statement on Form S-3 with the Securities and Exchange Commission ("SEC") that replaces a prior S-1 registration statement originally filed on September 5, 2014” Therefore this is old news.
“We are not aware of any present intention of the selling shareholders covered by the S-3 registration statement to sell their stock in the Company,” said Boyd Hoback, President & CEO. “This is simply a housekeeping issue for us so that a registration statement remains effective by incorporating all future SEC filings by reference. All of these shares had already been registered under the prior S-1 registration statement.”
This is a buying opportunity.
Its same store growth rate is disappointing. In addition, its S-3 filing is confusing.
I am still very bullish about this stock. This quarter and next quarter's earning reports will be catalysts for its stock price.
you are a moron how the heck are they going to be able even open that many stores in that time period to get a valuation like that
750 is a more realistic valuation for EOY 2017, but I still think it's high. The problem is that they are trying to grow organically. That takes a significant capital commitment for quick growth.
Shake shack is 2 billion now and way over valued. Bad Daddy's is the key for 2 years from now.. See my disclaimer below.
It looks like that that SEC filing is just another amended version of previous S-1 filing. It confused that market and caused a significant drop on GTIM stock price. However, big shareholders are still planning to sell their shares in this market. That is a fact.
What a surprise! I am totally shocked! That is near 20% of outstanding shares. I am wondering what is going on here. For details, read latest SEC filings.
If everything goes right, in my opinion yes it could be 2 billion by the end of 2017. Even if it is only 750 million that is huge upside. This is still a VERY risky stock and will have some setbacks along the way.