How are the secondary underwriters explaining the current price to their clients?
About $11.50 below the secondary price of $24.50 now.
Every institution that bought at that price should be hopping mad at Marucci and communicate to him in very clear terms that he had better deliver some results soon that will give them a positive return on their investment. They've nearly lost 50% since the offering less than six months ago. Marucci made representations and claims that he'd better make good on.
I have to agree that institutions have to be pretty livid at the moment when they cold have bought now at $13. I just don't understand why Marucci has been promising partnerships now for a long time and nothing has materialized