Please, let us know what price you entered STEM on today, we want to be sure to be able to congratulate you later.
You are just wrong. This is the exact wording
"StemCells, Inc. (STEM) today announced the pricing of an underwritten public offering of common stock and warrants with a public offering price of $0.70 for a fixed combination of one share of common stock and a warrant to purchase three-quarters of a share of common stock. The warrants have an EXERCISE PRICE of $0.85 per share, are exercisable immediately, and will expire five years from the date of issuance."
AF may not be reputable in the minds of some, maybe even mine, but non the less @ 20 million shares traded in the few days after his article and the PPS has nearly been cut in half. In my mind Management has a fiduciary responsibility to speak to this. Do you think if PG, GE, KO or any other stock lost nearly 50% value due to some bogus article their CEO's would remain silent?
If that is true, and STEM knows good news is coming, why would they do the offering before the news is known? That makes no sense on its face. Why not release the "good news" and then do an offering at $2, $3, $5 per share......no....I think you are a boiler room pumper.
Ummmm, wow, just wow.
OK. .70 cents gets you 1 share, and a warrant to buy 75% of 1 share for an additional .85 cents. Your total cash outlay for 1.75 shares would be .70 + .85 = $1.55
So if you bought 400 shares at .70 that would cost you $280
Then exercise 400 warrants .85, gets you 300 shares, costs you $340
total outlay =$620, total shares owned = 700. PPS = approx .88 cents. STEM currently trading at .57.
Management screwed every existing shareholder with this deal.
No, I just like screwing with people like you. Let's look at your latest post.
So, I am not short, nor am I working for anyone who is........but for the sake of argument, and comedy, let's say that I am.
STEM is down 20% since 4:15 pm YESTERDAY, that is 17 hours ago.....yet your premise is that my bosses are "Panicking"? Over what? How to cover the taxes on a 20% overnight gain? Yes, people always panic over gaining 20% overnight.
HOOOOOO BOY you are the funniest person out here. You are killin' me !
Historically STEM is a short that never has to be covered. It has gone down for years. Currently sitting on a new 52 week low.......think about that. Think about all the paid poster time that has gone into this stock just in the last year, and for what? Nothing. I honestly don't believe that any short is the slightest bit worried about covering their STEM short.
The sad part for you is that all you can do is stomp your feet & whine about imaginary shorts, because STEM has done nothing but go down for months. LOL. Now get back to the boiler room clown.