Also, FYI, a shelf offering can be done to prevent a hostile takeover
While their after hours release was strategically planned from a business standpoint, and a good one too, I think we might have a nice pump PR on Monday morning.
Nevertheless, if nothing comes soon, news will come in January. They can't dilute at these levels and they won't. They're trading at book value since they got 30 mil in cash, enough to fund 2 years of operations. I think something big is brewing here.
Posion pill, that was another explaination presented after the 35 million shelf offering in June when the PPS was trading at $11. They finally diluted at $5 only 5 weeks later. Now they want $75 million. Do you really think they won't dilute at these prices given their past? I think this makes 6 dilutions within a year.
Ferguson... do you even understand the news? They don't want 75mil dollar. ROSG is putting it on the shelf. At this point ROSG don't need to dilute cause thay have cash for the next 2 years. I realy think some others here are reading the news correct and we can expect some HUGE news next week. PLUS if ROSG was diluting 75mil shares why is the PPS AH only down 5% on 10000 shares? IMO you have it wrong. gltu