Is there enough of an impact where Shorts can take control of the direction and force it down?
So far…doesn't look like it, and I don't think there is enough to continue, but we'll see?
It also depends on what SNTA ultimately does with it, if and when?
Also will add that to have the stock price hammered down for 8 days....what in the world were they thinking when they said, "..gosh guys, its getting tight out there. We better issue this now after market otherwise we'll never get the chance."
I agree that dilution is necessary, but I question the timing. It was low ball to do this after market on Friday, and this coming after several down days in a falling channel.
The good news is that the floor is in place at around $4.03 and it held.....so we can trust that number on the way down the next time even more. Hoping this settles soon in the $4.20 - $4.30 range and gets back on track.