Sorry yzz, I typed the date of the filing wrong. It should have read May 13. It is an S-3 registration for common stock, warrants or units. Go to any of your SEC filing sites and you will find it. I use Etrade and is under the Fundamentals tab under SEC filings. Its about 41 pages long but all of the details are there.
The $100M offering filed on May 23rd with the SEC took me by surprise. I have been accumulating shares in this company for over 14 months now and have a substantial position. After watching the shareholder meeting conference call on May 23rd I was under the impression that the company is in a good cash position all of the way through 2014 and into 2015. I felt very comfortable buying even more shares. Then I saw the filing on Edgar. Why would they call all of the outstanding warrants and cash in and then tell us that the cash situation is great but then drop a $100m offering on the market right away?
If someone could explain this move to me I would be grateful and hopefully reassured. All I can think is more dilution of shareholder value. For example at today's closing price $100M would have about 30 million more shares on the open market. That is over 33% dilution to the current amount of shares. Thanks in advance.
What would be the purpose of this? Could they possibly be looking at uplisting back to the Nasdaq national market exchange after the split. At the current price, the reverse would put them at $7.20 a share and a tiny float of ~1.5 million shares. I would have thought that they would at least wait another quarter or two and show profitability before making any kind of move toward up listing. Since I am a newbe in this stock, maybe some of the long term holders can chime in.
Not a bad move today for OPCO at +50%. I bought some call options on PETM after the Cramer pump. It's money I can afford to lose. Lets see what happens.
Would Cramers thesis apply to OPCO as well? This quote from tonights show is interesting:
"And Cramer thinks more people are about to spend those fortunes. That's because Pet adoptions have increased for the fourth consecutive quarter". Revenues at OPCO have incresed over the last 4 years.
"Injured rats walk thanks to spinal nerve stimulation".
This story was on the CBS Evening news tonight and is on their website. It looks like researchers at a Swiss university are making progress in this area also. The article states that the rats were first injected with a "chemical mix" and then electrically stimulated. I wonder what the chemical mix is.
Does this kind of news help NVIV shareholders or possibly have a detrimental effect? Just wondering what others think.
What news caused CLWT to explode yesterday? And what news would you expect MFCO to have that may cause a similar reaction? A buyout? New contract? Going private? Just wondering what you had in mind. Of all of these I think a buy-out or merger is most likely.
Currently near 52 week low, MFCO is undervalued and overlooked. Pays a dividend of 0.17 per share for a healthy 15% return at current price. Even at $2 the dividend yields 8%. Not too bad.