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MiMedx Group, Inc. Message Board

  • nekkoddd nekkoddd Dec 12, 2013 9:30 AM Flag

    Help me understand MDXG pre-market surge?

    Why did the pre-market price surge above the Public Offering price of 6.80? Is the PO only available to institutions, and the thought is it will act as a spring board? Thanks.

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    • You had several chances in the past few days to get in for $6.80 or even less, so don't cry and pout that the stock left you behind.

      • 1 Reply to earth457
      • After watching many paint dry trading days over the past month mdxg is fun to watch with all of the volume. At times on my level ii trades very violently, I am all about the closing price, so even though this is fun we are still a small stock and can be easy manipulated. If we get another close on strength then we are off to new highs. There are about 30 sales reps around the country who are going to find new employment at mdxg over the next few months, so Merry Christmas.

    • The offering is over, the named firms ran the sale, sold tho their clients at 6.80, now it is a free market, sort of like an iIpo however the original shareholders were along for the ride, now it is the Wild West where obviously the future of mdxg is bright hence the appreciation in the stock this morning even after the dilution of 5.7 million new shares, most stocks get a planked with a dilutive offering because they are in debt and still banking on an unknown future, our future is a little brighter than that scenario, we are making money with exploding sales at 85 percent gross profit and now just put 30 something million in the bank to propel this rapid growth.

9.39-0.16(-1.68%)Oct 8 3:59 PMEDT