waste of time and lawyers are only ones that make out. downdraft is done, get ready for updraft on news. Company knows they need to or rival will take advantage and make an offer, especially now that they sold a fair amount of stock and no longer in control.
hmm, walmart, target, the list is endless and now with 35 million cash and no debt.......
RSI 41, most conservative that has been in a long time, MACD -1.3 way oversold with this offering.
Underwriters did a crappy job but its over with now and gave people a chance to buy cheap.
underwriter must have sold last share and those that were waiting for 13 or below are out of luck now!
Buy this falling knife as you just got an opportunity into 100%+ growth that now with 35 million cash 2.5X what they had will fuel growth even more. 140 million market cap is way too cheap for a company with 35 million of that market cap in cash now and sales of 100 million and profitable. Still has small float in shares and institutions just beginning to find out about it.
if you didn't buy watch for multiple news releases coming. you don't raise 25 million without big contracts in the works
and they all should be fired for such $^%$ pricing of it too! The crooks who were selling it down / shorting it yesterday knowing it should go to prison. I filed complaint to the SEC, it's about time they crack down on insider information being leaked on secondary offerings!
If this would have been priced in low 20's I doubt you would have many complain but 17.00, the investment bankers and board should be fired!
What most are complaining about is the fact that someone knew yesterday that the offering was going to be announced after the close and sold the stock down all day long to 23.00 only to be followed by a horrible pricing at 17.00 today. Smells of insider privy information that was leaked out and someone profited greatly from that information, either the brokerage firms underwriting it or individuals.
report them! SEC needs to throw the leakers in prison to stop this #$%$!
shorts will get blasted to Mars! lol