RE:RE:RE:RE:RE:Dark DaysAgree financing is not positive.
However. I think the stock has been beaten up enough to compensate.
It is down an extra 20% compared to peers since the 8% dilution (which does also help balance sheet).
The problem is once insiders are removed over 5 million shares handed to people who probably just wanted a quick buck and are now panicking and selling en masse into a market that typically has no volume creates tremendous short term pressure on share price. Over a million shares traded today (compared to typically 200k) and in general a high number of shares traded since the offering and there are just not enough buyers to pick it up and hold up the SP. Similar to when stock price was held up by short sellers buying back late last year followed by a fast downward spiral this should be the opposite with fast upward momentum once selling eases.
Regarding the financing I feel the simplest explanation is often the truth... they are likely getting pressure to reduce debt to a certain target by May for renewal... not ideal for sure and maybe they should have hedged better if they knew this was coming.
Feel optimistic today was near a bottom.. for the million shares traded today someone must have been buying large lots and I'm sure they are looking for a good return..