but the shelf filing from earlier this year (dont have exact date) was like an open "notice" ..... to sell shares at any time, and claim....... we told you way back then we might do this.....
scan prospectus of offering (on my tdameritrd acct.)...... shows the price was pegged perfectly between the offering at 9, and the broker discount of about 8.4 +/-....... not a great day to watch, but alot of hands traded at this price today
i recall their presentation last year, that this area alone is a multi B$ market - again replacing battery orient power source with plug. investing in a high growth company is about the future and plug can growth very substancially for many years just supplying warehouses and tugs.........
If your an insitution and you want a 5% stake in Rmti. what do you do. you can't get it from the shorts, you can't get it from smalls, and most other institutions are holding. your stuck. get the company to issue more shares that you can buy right from them in new offering and your in a big new position.
- thats what i want to hear next!!
shorts do not appear to be covering at any time this year. part of this annoucement, may be (on its face raise funds for growth), but also, to get large new institutions into the stock - thus giving a huge new strong hands in the shares and kind of fighting back the shorts. they said on the CC they had 43 M shares outstanding.... a $55M raise would add about 5.25M more shares +/-
the ideal follow-on announcement is a private placement or institutions taking huge new positions in RMTI that before the actual shares are issued, that some institutions get them whole. that would be a positive sign, yes
i call it a walk back, no large buying interest - esp. in small caps like RMTI. has no reflection on companies potential market makers and day traders ... the big stockholders are all in.
Buy. Listen to the conf. call. huge under-currents of new revenues on there way, serveral not announced. expanding commerical biz on top of govt. work. just listen to the call please
knee jerk dump today "on the news". Alot of stock issued, so if you did not research you panic sold. I am holding and will likely buy more. listen to the Call yourself, the roll out and value combination presented is very compelling.
Its an entirely rigged and manipulated news game that loves artifical headlines about nothing. We all know this biz is lumpy, and things don't fall perfectly into qtrs. This is large industrial orders that take time to secure and then to deliver. relax
Rocks website shows and talks about trif. for other uses and indications and just starting to work on trials for those expanded uses....
The shorts played this perfect by manipulating and drafting it way down before news and covering all week effectly letting the air out of the balloon slowly. making it nearly impossible to let the stock run too far. I still can't see how any short made very much money?? where did they short it... maybe 12 or 13 ? cover at 9??? I have owned this stock for almost 2 yrs. what it will need to move higher is NEW institutiions to take positions and keep it. my own PT is 15 short term more than that as commerical deliveries start to ramp later in 2015.