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Organovo Holdings, Inc. Message Board

  • georgew_dunce georgew_dunce Jul 17, 2013 8:24 AM Flag

    Stock offering soon.

    v

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    • I have predicted this stock consistently. Stick with me on this one. Hell, I don't have to charge you like Tobin smith and #$%$.

    • You are correct. There will be a vote to add an additional 5,000,000 shares. A couple of comments on this:

      Management control 30% of the stock/voting rights. Bottom line.........it's going to pass.

      There may be some of you who may think this will dilute the stock price. Understandable and in some cases, this would be true. I'm only guessing here, but I think this is a calculated move which was discussed and agreed upon in principal during the "quiet period", when management and the lawyers were finalizing things.

      While this will obviously allow the raising of more capital........the "calculated risk" here I think is this: The shares will be bought/absorbed very quickly by institutions.

      There may also be some nay sayers who will say/think that this will offer an increase in shorting the stock. OK............maybe..............fair enough.

      But given the stock's behavior, I think this unlikely.

      Btw, institutions usually are not allowed to own more than 5% of a companies stock as they have to register this with the SEC (Securities and Exchange Commission) but it can be done and it does happen occasionally.

      With roughly 67 million shares outstanding......5% would be 3.35 million shares. Any high profile mutual fund family or retirement/pension fund would send a message, that the market would see as a vote of faith in this company, and would send the stock price much...much...higher.

      Remember..........the big boys are WORKING FOR US. This I believe is an example of this.

    • OMG! Post this 5 more times as fast as you can! the stock is gapping through $7.00!!!!!

      Hurry and get people to sell!!!!

 
ONVO
6.02-0.35(-5.49%)Oct 1 4:00 PMEDT

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