From David D Clark on the CC Filing of Univeral Shelf Registration
To create further financial flexibility over the coming years, we will be filing universal equity shelf registration statement. That is all that traders had to hear or read today. That is enough reason to short aggressively.
Blatant lies by Gio again. Surprise. Clark specifically said that they have 0 intention to use the shelf registration statement in the immediate future. They have more than enough cash, this is just prudent. No dilution fears. Plus a universal shelf can always be used to sell debt.