What's going on? All stocks MUST GO UP.
They just did a 20% dilution offering a few months ago. Hopefully this will be the last, but I don't understand why they don't borrow instead. The Bernack has driven interest rates so low that they should have been able to get a pretty good rate. It looks like they burn about $6-8M/quarter. With trials this number will go up. At least it still appears that they will be going it alone. Possibly they will be able to go to market without a partner (like CYTC did), but it will be very expensive for shareholders if they can't get a big money input and have to rely on dilution every 6 months.
A 20%(!?!?) discount? Wow! Too bad we can't afford LNKD bookrunners. LNKD bookrunners would have gunned SSH to $14 by the offering date.
...and he only 'had to' print $3.5T (that we know of) for his TBTF banks while we blew another $6T in deficits (that we know of) in the past 5 years.
It just doesn't get any better and This Time it's Different! Just like 1999.
It just doesn't get any better!
The TBTF Bank Free Money spigot will remain in the FULL OPEN position until every saver and the entire middle class are totally wiped out, in order to feed Ben's puppetmasters.
It just doesn't get any better. 1999 was a warmup. This Superbubble Meltup is the *Real Deal^!
It just doesn't get any better than this! Too bad, savers. You are Fed-screwed for 5 years now and there is no end in sight.
Maybe GM and F can sell Carbon Credits for free windfall profits like TSLA is doing.