I agree. With my buys at $1.76 and breakeven after fees is $1.77 - I feel like ARTX is just about ready to break on the downside. I am selling below $1.74 if reached - I am not going to have this turn into a big percentage lose. Love the company but worried about the stock. Ever since the offering the stock has acted terrible.
The fundamentals so far have been.
The last offering is open ended 3.5 so far but what happens in the future how many more shares will be dumped on the shareholders.
Bob E. has consistently taken all the thunder away from share holders. Anytime the stock moves up on good news Bobs right there will a fresh round of dilution.
Its quite normal for a company to raise money to grow... the growing pain! Its a good pain to have, IMHO. As long as this company is growing, making money and maintain a positive EPS, I will not be too concern about the dilution.