Picked up more cheap shares today. Whoever sold, thank you. Your donation is much appreciated
Ready to go north
going south quickly. losing all gains. 🤢
this thing is shot. get out.
here we go folks! hold on!🤢
I have a feeling this will trade sideways until the next earnings release or some industry/sector or company news, such as repurchase program etc. Which is fine for those of us who are LONG on the stock. Still a good company on a cyclical sector, we have a few years left in it which is good news!!
Making a comeback..... 30 by end of year....
Nice rally in the end !
nice rally today! whew!
The Bleeding will stop when the volume slows down. The volume will slow down when they stop filing SEC 8K's offering stock which dilutes your stock. Good news is they should be done after today.
now - question of the questions. Given all the dire storm suffered in the last few days, will this ever be back at $22 range ?? Diluted or not diluted (and it is NOT diluted) the market punished with a -20%, in line with the percentage represented by the secondary offering. Any opinion (Harold excluded) ?
This is good, it's trading sideways, let's see if it will hold and then break.
I own AAOI as well ...our friend Harold had same drama at AAOI forum until he was muted by most plus stock is breaking out so he prolly ran away to this forum ...KEM will go up soon ...I am not worried ....shorts are taking advantage of recent dilution n investors being bit turned off coz of dilution at the moment in my opinion....fundamentals are still strong company is not filing bankruptcy ...lol...so just sit tight for few days
Don't buy it went from $2.00 to $19.00 for nothing! Extremely Overvalued and extremely overbought.
Monday $23 again
I posted Friday that the 8K SEC filing that was posted early in the week was incomplete and the blanks needed to be filled in after the close today or before the open Monday, well they did file an SEC after the close today and they filled in the blanks..........
On September 6, 2017, KEMET Corporation (the “Company”) and a selling securityholder, K Equity, LLC (“K Equity”), entered into an equity underwriting agreement (the “Underwriting Agreement”) with UBS Securities LLC (the “Underwriter”), in connection with the offering of 8,416,814 shares of the Company’s common stock (the “Offering”). The shares offered are subject to issuance upon exercise of a currently outstanding and exercisable warrant (the “Warrant”) held by K Equity that will be sold to and exercised by the Underwriter in connection with its sale of the underlying shares. The Underwriter has agreed to purchase the Warrant from K Equity based on a price of $20.52 per underlying share of our common stock. The Underwriter will also be required to pay the Company an additional $1.04999 per share exercise price to exercise the Warrant. The Underwriting Agreement contains customary representations, warranties and covenants and contains customary closing conditions. In the Underwriting Agreement, the Company agreed to indemnify the Underwriter and K Equity against certain liabilities that could be incurred by them in connection with the Offering.
The closing of the sale of the shares contemplated by the Underwriting Agreement is expected to occur on September 11, 2017. The Company will not receive any of the proceeds from the sale of the shares in the Offering, but will receive approximately $8,837,570.54 from the Underwriter in connection with the cash exercise of the Warrant for all 8,416,814 shares underlying the Warrant at an exercise price of $1.04999 per share.
I missed on the closing, it will be Monday not Wed. The PPS now has something to aim for and should be up Mon. around $21.57 and the PPS will be more steady and start an uptrend from that point . Good Luck Longs !