No disrespect but google Coliseum Capital and you'll know as much as I do. An Insider can also be a company that owns a certain % of shares. That would make them a Insider and I am assuming that is what Coliseum is. Hopefully they are working in the best interests of shareholders. At $2 per share they do seem to have the inside track.
On 6//22 BIOS closed at $2.78 on that same day Coliseum Capital purchased 4,2M shares at a pps of $2. Was this a PIPE deal? Regardless something doesn't smell right with this offering.
Those in the know have probably been loading up in May with anticipation of the rebalance...just saying.
Take a timeout and do your own DD. Google Russell Reconstitution additions than apologize fool.
also being added to the Russell Microcap index and possibly any indexes mocking the Russell.
Get in before the big money takes this up.
Get in before funds buy...
Get in before the funds take it up...
ee03775 I guess your right about the shares being spoken for but this is not a private placement but an offering. People must like what they see for the pps to recover so quickly.
That's why I like you poodle always willing to listen to both sides of the story. My hesitation would be to wait till the end of June...semi-annual fund selling, reconstitution...whatever.