Another pump and dump or do you think there is some substance to it?
I have a gut feeling that diluted stock price will be in 1.10 to 1.20 range, i.e. w/ 20M new new shares w/ a mkt cap bf share price of $1.80 when the first news leaked out.
if it is priced at 1.10 to 1.20 this thing will go below $1. Then we will see another reverse split on the horizon.
there are far too many shares to arbitrage like this. it will take months. the longer they wait to do the offering, the more I think that they are waiting for news to repeat the scenario played out earlier this year.
Probably a way to pump up of the price before the offering price is finalized.