it first has to absorb the HUGE dilution at $1.40. Could take days.
Volume pre-market is dismal. Could take days to get the edge back.
what a stupid post - look at the volume the last couple of days ... m>14 million.... just the facts.... if volume was 5 million you have a case...Base is set at 1.40... sell your shares and get lost if you think we are heading down... IMO
Maybe being stuck on $1.40 is JUST A COINCIDENCE. hmmmm
ummmm. pretty sure it's not an "at the market" offering. It's a private placement so should not affect market trading other than the psychological effect.
What dilution? The placement ? Nope. It's issued and being transferred to the investors to hold for as long as required by the agreement. Nothing needs to be absorbed.