Looks like a 4% ownership stake taken at the end of august??
rsi below 20,,,buy alerts lighting up here
Conservatively cheap at $10,,like 3x next years expected earnings(which they're sandbagging)..Also with a RSI ~20,,,CALL is in deep oversold territory imo
shorts will start to cover IMO
Actually 24% dilution,,but still sets the bar pretty high
A 30% dilution is not a win-win by any stretch..If what they do with the money doesn't generate a 30% boost in earnings,then stakeholders will indeed be hurt..I'm a long holder of too many shares
to be that sanguine over this news.