RE:RE:RE:Looks like a horrible moveI agree with 07wildwood that the offering is sold to the underwriters and institutes already. I just want to highlight the $250M investment by the smart money is no chicken feet. I just check the bid/ask this morning, they are about 3.19 not 2.40. If it is a bought deal, only the client of the underwriter can buy. No everyone can by the new issue at $3.00. Usually it does not affect the market too much. The overhang will come in Feb 2017 when the shares are release from the escrow. From now to January, it is purely depending on the market. I believe this is the reason the bid/ask price is higher than yesterday's close.