Down 3.46% on a volume of 1M shares. Hopefully it's Lincoln buying again, because it means they know this stock is about to explode higher. And yes folks these guys at Lincoln know far more than we individual shareholders do, afterall it's their job to know.
Saw you other note Keep, so two more things to think about.
"Upon the terms set forth in the Purchase Agreement. Pursuant to the Purchase Agreement, the purchase price of such Common Stock will be based on the prevailing market price of the Company’s Common Stock immediately preceding the time of sales, with the Company controlling
the timing and amount of any future sales, if any, of Common Stock to LPC."
This section of the agreement is important since it gives ACT control over when the stock sales are made. ACT would only use this when they need cash - remember that this is a financing arrangement.
The other thing that I've mentioned and you should research if you don't trust what I'm saying is that if LP or anyone else buys stock on the secondary market the company doesn't see one penny of that. This is a private placement.
OK Theres, if it's not Lincoln doing this buying, then whom? I mean it looks like it's being done by one buyer, because there's no more buying after the opening few minutes. Anyway, I believe it is a positive for ACT that someone is accumulating it's stock. And I can't find the purchase agreement, so please show me where it states that ACT does not get a penny, if shares are purchased during extended trading hours....thanks.