red acre: confirms my thought that cantor new about offering prior to thier upgrade. longs got played. Cerrone and team are #$%$.
SGYP announced a $90 million secondary financing. SGYP stock naturally faltered due to the large size of the offering, giving back all of the gains from Cantor's pumping (let's call a spade a spade). SGYP was talking to large funds and institutional investors on Monday and Tuesday, it is highly likely that the analysts at Cantor had wind of the upcoming offering when their note came out. (Cantor ran the $30 million ATM facility for SGYP beginning last fall.)