Seems reasonable, unless PLUG is just a POS
Wait until the dust settles. You have no idea why Bachall resigned or was pushed out. When there is no reason in the PR, the Street reads this as something bad or fishy took place under Bachall. More skeletons in the closet is distinct possibility.
Take a look at the company SEC filings. Think about it. VEND was at $0.17 a year ago. Think about that. $0.17! A lot of people made a ton of money with VEND. They pumped it...now they are dumping it. $0.17 stock a year ago! Whoever was in at that level has still made a ton of money.
Anybody who has a vending machine in a school now can simply replace junk food with healthy food.
Never bought the stock. Got the mailer a few weeks ago. I really feel for the guy who bought at $10.00 and is now holding on for the price to come back. It won't. Sell it and move on. This is a penny stock that was pumped and dumped. So sorry. Hate to see people lose money.
Good luck to longs but this smells of CRL. No announcement on FDA website, stock halted...looks grim. I hope longs get the approval but I have serious doubts about how this is playing out....good luck
No. Jefferies is not short. Google "green shoe." When they "Exercised the Underwriters’ Option to Purchase Additional Shares", they were no longer short the stock. Just google "green shoe" and you'll get it
It's called the "green shoe"...Jefferies over-sells the deal by the "over allotment", which makes Jefferies technically short CYTR when the deal prices....that way, if the CYTR goes down, Jefferies can buy back the shares they are short to stabilize the price above the deal price. If the stock goes up after they float the shares, there is no need for Jefferies to buy back the stock to support the price, and they just do nothing and the shares end up with whatever accounts bought them. This is basic capital markets stuff. Good luck!
Jefferies didn't buy the stock....they placed it with institutional accounts
Not saying it's going to go up necessarily. I bought a little myself today ahead of coverage, but there are no sure things. Good luck!
If Jefferies took the $3M underwriting fee and were the lead on the deal, they should get the report out as soon as the quiet period ends. If not, it doesn't look good for Jefferies bankers.
The ask at $4.50 is stacked with HUGE blocks. If those blocks get taken out, whoever is selling those blocks immediately hits the bid to knock the price below $4.50. I didn't think they could keep it down all day, but eventually, people get tired of watching it bounce off $4.50. They sell and move on. Once the selling began, the ask at $4.50 was no longer necessary, since the downward price action brought in additional sellers. This thing is stuck here. Why? Options expiration. It simply ain't going higher until then. GL
Spot offering. Lead underwriter will ensure it closes at $5.50. Will be priced at 10% discount, or $5. I used to work for investment bank. This is how it's done.
The lead underwriter walks it up by shorting all morning, then buying back in the afternoon. This is so typical of Wall Street. Deal will be done at $5.00. I would buy tomorrow morning...10% off. Mark this.