It's a buying opportunity, as people don't actually read. Same as last offering, which was a buying opp as well. Give it 2 days, will be 7.75.
NOW are you willing to agree that this secondary has no "financial" impact on this company? Don't get me wrong, I don't like insiders bailing out now, but to sit on this board and spew rhetoric about dilution, etc is nonsense.
Agreed, and that's a big positive. One of my biggest issues with this stock has been getting in and out of it. Liquidity will increase, a benefit for all of us.
I still don't think you understand what the Secondary actually is for. Insiders are selling a high percentage of the outstanding shares, and looking for a price that will be acceptable to prospective buyers. The stock should be down because of the insider selling, and the credit line, not because of the secondary that provides no dilution whatsoever. Perhaps you should try to get some of the shares at 5.25.
I've owned CIMT for 3+ years. Most of their dividends are "one time/irregular" dividends. They usually are announced with earnings, but not always. And not always do earnings come with dividends. That said, this company went without dividends for 7 years, and I wouldn't expect another any time soon.
Read the prospectus on the offering. This is management trying to sell their shares without selling them in the open market. Seems a little late to sell, given the stock was $12 a month ago. The company will receive no proceeds for the offering, and it is not dilutive.
Mr. Shalom, Mr. Gibbs, and others selling 71% of the company is not what I would consider "nothing". I am long this stock, but insiders heading for the hills, given all of the upside with additive manufacturing and business growth makes no sense.