I guess this was to be expected with the cash down to 9 million or so.
Any guess as to where this takes the share price based on the size of the second offering? I would like to see this information if anyone is able to get it. And zero is not the response I am looking for.
From May, 2012:
Under the terms of the agreement, MAKO has the option to draw down on the credit facility in $10 million increments at any time until May 15, 2013.
i expect, they draw down 10 mio. US$ and sell around 1 Mio. shares (inlcuding options).
date of prospectes is nov9 so piper jaffe and others new it was coming. but not unusual action for secondary offering.. stocks are alwys offered at a discount to last sale. I like financing this way with a decent underwrtter instead of their original plans. NOW WHAT IS THE AMOUNT OF STOCK BEING OFFERED.
Sure, it could be management but don't forget that a printer working on the public offering could be the culprit - or someone at the brokerage firm - or, who knows(?). This is a matter for the SEC and/or FBI (or do they have their hands full??)