If I were CFO the ATM would have been done immediately and reduced to $5M. Market hates uncertainty (ex: Fed raising rates 1/4%)
Weird yes but I'm guessing when your purchasing that large amount of shares (1.52M) they had to pay a premium. I'm also guessing the shares came from (Omega). Market didn't see this as a negative because in a large down market NAT held its' own...Good Luck
MCT if MCZ was shareholder friendly we wouldn't be sitting at .40c. I've warned before of continued dilution usually earning thumbs down when I mentioned the risk. That doesn't mean one can't make money on this stock. Case in point B_fr_nk who has made over 50% recently on a great trade. Hooray for him unfortunately I got just a little bit too greedy and will have to wait till the next run up to make my money. Good Luck...
A few months ago everyone was complaining about the "pipe'''Ooops wasn't a pipe but now everyone is complaining about the ATM. What's a company to do? If I was smart enough to unload in the .60s and up (which btw I wasn't) now would be the time to reload. A few weeks to Black Friday and then holiday season is around the corner. I have a feeling next quarter is going to be the big one.
think I just threw up in my mouth...
How do we know if and when it will start? Has it started already? Does there need to be an announcement or have they already done that with yesterdays news? TIA
By adding 20T shares I guess you proved MCT wrong Hopeful...Good Luck
No surprise that you dumped B_fr_nk that seems to be your MO. Congrats on the gain but I'm still holding for now.