How do you expect it to be done? Please tell me I am always interested in somebody else's opinion.
I am long but am realistic about the ATM. It is the best way to raise money but it will cause pricing pressure and be dilutive.
How many shares was FR selling when we experienced pricing pressure? He was selling 12,000 shares a day for an extended period (6 months). Keep in mind that was pre reverse split. The stock price went down significantly during that time period. Begining of six month sell the sp was $2.50 by the end the share price dropped to 50 cents. Now, I am not saying we will see that type of price drop but to think we will not see pricing pressure lowering the sp below $12 is not being truthful. Now if we get a lot of good news during the selling we may hold up well. I am not confident because enrollment has been on the slow side.
How I arrive at my thoughts regarding share price drop.
If the capital raise is 50 million and they want that money prior to fourth qtr of 2016. The 50 million will have to be raised within a year and a half, approx 300 trading days.
50 million divided by $14 current sp equals the selling of approx 3.6 million shares. To sell 3.6 million share in a yr and a half, you would need to sell an average of 12k shares a day. Now if the price goes up or down those figures change obviously. Is my math off? opinions requested. Thanks
smartmoney63 • Jul 10, 2015 12:16 PM Flag
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Secondary is coming. I'd wait until the offering is priced.
Sentiment: Strong Sell
smartmoney63 • Jul 10, 2015 12:18 PM
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Someone has been tipped that a secondary offering is coming. Buy when it is priced - until then stay away from this ticker.
Obvious some are privy to insider information.
Dead cat bounce. Share price will return to $18s. IMHO.
Yes, leave the beaten down energy stocks for the institutions to buy while they sell you the top IBD stocks.
What kind of analogy is that? Next time you break a leg, do not have the bones reset and allow your body to heal naturally. Rely on crutches to help you move about. That is my analogy to you.
I do not invest based on analysts' recommendations, that would be a fool's game.
Zachs upgrades IPI on July 15 to a buy and 8 days later downgrades them to a sell. DId the business change in 8 days? LOL, they surely provide entertainment.
Gas take it easy your track record is nothing special, one win one loss. The board will not forget your long SDRL position. Most important... You missed the big picture.