the big drop? is something cooking here behind the scenes? can it drop a lot more? is bad news coming out? this si not a normal correction imo, insiders also sold a lot a few days ago. wats going on? any comments?
The company used up ~26% of its cash position and is issuing ~10% additional shares which will negatively impact their earnings/losses per share in the near term.
I own a small position right now and have been looking to add. However, my past experience with other tech stocks and large dramatic price drops tells me I should wait a day or two (to let the stock bottom out) before buying some more...
Nothing cooking here behind the scenes,just a temporary drop because of the cash to finnance the deal ,eventually this is great news for the company and will generate more revs. each quarter.pps will recover .