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WisdomTree Emerging Markets Lcl Dbt ETF Message Board

michael_n_meyers 2 posts  |  Last Activity: Nov 13, 2014 8:26 PM Member since: Nov 20, 2006
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  • michael_n_meyers michael_n_meyers Nov 13, 2014 8:26 PM Flag

    Shang, indeed you are right, the Maxim rep is biased. He was trying to sell me the secondary and the rights offering. The move to a major exchange may or may not be in the works. I kinda feel that it is, and was the motivation for the reverse spit.

    BTW, I know some investors always buy after a secondary offering. It is always the case that the secondary drops the price significantly, and often is a time to buy. I hold some APDN, enough for me as a "speculative position". But given the price drop this might be a good time to initiate a position.

    Sentiment: Buy

  • michael_n_meyers michael_n_meyers Nov 13, 2014 7:59 PM Flag

    The stock is dropping because APDN is coming out with a secondary offering. Per a conversation with Maxim yesterday, the price of the secondary will be $4+, and include a rights offering. The secondary offering is expected to raise $12M. APDN needs money to operate, and this is the only way to get it. BTW, the Maxim person thought the upcoming move to a major exchange would really help the stock.

    Sentiment: Hold

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