Secondary is what- $11.65, & stk. is rising above this price. Shouldn't it drop since the secondary is valuing the stk. below the present price? It must be because the # of shrs. is only 3.5 mil. in the offering. Yet they will probably oversubscribe & catch us off guard? Can they do that at this point?
Cahi- You are asking the wrong people. 1.5 million shares is 18m bucks. I call that the smart money. That is why the adage, "don't fight the tape." The fundamentals are great, the stock has been under continuous accumulation since November and the smart money has controlled a beautiful move on the chart. Nobody here really is concerned about the secondary because the street likes it.