IEC is paying off it's debt far faster then required. Barry owns a very large position. IEC is growing organically at a 20% clip. Why would IEC acquire anything that did not make IEC more valuable immediately? They are doing well as is. This has to be one great acquisition!
Think some more. to sell 2 million shares on a secondary offering IEC's fundamentals and their new acquistion have to be sold. Many who decide to buy will be limited to smalll 1000 share lots. Could this offering instantly make IEC more visible? It is a huge unknown value now, will the acquisition make us a better value with hundreds of new owners looking for a bigger piece?