The fat lady says, The new offering will be priced mid 3's.
I they couldn't sell the damn stock at 4.11, how in the hell they are going to sell ar 4.34 or better. I asked the question the morning, $300 millions at what price? I got one smart ass remark, to go back and read the new's article. Well, I've read all of them. Not a single one metions at what price! My guess, 3-4 if lucky. Bottom line, we are screwed. Like it or not!
Gee 4.34 to 3.68--what happem your brain shut off? You clowns make me laugh...cup handle has formed company gives you a heads up on 3.60 entry doing what they need to do to better it's position and you are small trader worried about a few pennies. So obvious...
I told you numb nuts, this would happen. It didn't take a rocket scientist to figure it out. I should've taken my own advice and sold at $4.34 when I had the chance. Oh well, as Art would say "write it off to experience!".
Well lets analyis this. If they could sell on the open mkt @4.11 Why would they price the offering below that price. Obviously the Goldman Saks & JPMs have found buyers above that price that is why they cancelled buying in the open mkt. I as an expert in these matters say they will price the offering @4.25-4.50. Pricing the offering below $4.25 would be like trying to shove butter up a wild cats ass with a red hot poker. And you can take that to the bank!!!!!
To answer the first part of your question, prcing below 4.00 will encourage the sale of 96 million shares a lot faster. And, IMHO, that's why they sold only 16 million at 4.11. But, since I'm long at 5.00 from just a week ago, I hope you are right and I'm wrong!