In no way a company accepts an ATM trade to dilute at a share price around $1. No way a company takes the risk to loose notifiation above $1 or in other words lose compliance with nasdaq or nyse regulation.
I think something ver big is happening right now. I think a BUYOUT is coming or news about a new acquisition.
In Q4 2011 and Q1 2012 they sold about $6,500,000 worth of stock through their ATM ( at the market price) stock sales for prices between $0.40 and $0.58 just before doing that $5million financing @ $0.28 when the current price was $0.38.
Do any of you pumpers ever look at the SEC filings and facts?
Hey dummy there is no $1 share price required on this exchange, 20 cents or lower is enough.
What don't you understand the ATM is the least dilutive. I April they signed that financing agreement at 0.051 cents when the share price was over 3 times that.
Without raising more cash not only are they non compliant for financial impairment but they will also be below the $ 6 million in shareholder equity THAT IS REQUIRED BY THIS EXCHANGE unlike the NASDAQ or NYSE.