I think we have been had! These are additional shares. This will further dilute the shares we had (or will have when the rights offering is distributed). I know they had a shelf registration on file but this does not pass the "good governance" smell test to me. I need to do more DD on this whole thing. Comments anyone?
I exercised during the rights offering and my Schwab account debited the account and shows a separate entry, non-tradable, for OXLC. Any idea when the shares will be distributed and whether the full request for shares will be met?
I agree with your comments. I have 1,350 shares at an average cost of about $8.50 each. I have a friend who's company does drug testing (urine primarily) and I asked him about the legalization of drugs and the impact on testing companies. He said it is extremely positive since many employers are going to want to test new and current employers so they don't get adverse selection in their employee pool. Employers can still refuse to hire drug users and, of course, any DOT drivers will continue to be tested. The impact of drug users and accident rates is something that will be worked out over time with plenty of testing, particularly with lots of testing during this period.
I know I am not the only person owning this stock. Did everyone else in the world die and nobody told me about it. HELLO!! Doesn't anyone follow this stock? I would send greetings but apparently the lights are on but no one is home.
Something is happening to this stock and this is the deadest board in all of Yahoo. Hello! Anybody there? Must be someone, somewhere who has an opinion on PMD and the increase over the past few days. The stock was, in my opinion, pretty much fully priced at $15. I guess if no one responds, I'll just keep messaging myself!
I have a small position (1,350 shares) at a fairly low price. I have always felt that PMD is too small to be a publicly traded company - compliance costs have to be high based on their revenue. I have been of the opinion that they should be purchased by a publicly traded company (Quest Diagnostics??) or taken private. In any case, given my low cost basis and the dividend, I have been patiently waiting for something to happen. Is this it? I know this is perhaps the most inactive board on Yahoo but are their any rumors?