The last nights reported price was $0.37 per share with possible $12 – 13 M in proceeds. Outstanding shares were 45.66 M and there will be 85.1 M post offering.The underwriter will now be Aegis Capital
The Bottom Line: Finally, a lower share volume and a much lower pricing. JMP was dropped for Aegis for the offering. ASTM closed at $0.37. Expect this puppy to drop like a stone! How quickly can an over-night be priced (?) in a dropping market and at what price? My next question is ... "why put rouge on this ... blushing pig"!
Interesting. Anyhow, I'm not in ASTM right now (traded the last move from .345 to sold .39-.41)... If it does drop like a rock again, I'll consider buying it again for short term trade. I sold last time because the move was clearly technical & it hit resistance near .42 & there was no news to support it going higher at the time. Glad I did so far.... One thing I have expected, & that a share offering would likely finally go through, whether difficult or not, ASTM won;t run out of cash.