This is what happens with placementsOnce it is announced, (in this case, the price of OSK was around $5.50 where the deal was at $4.55)
all of the hedge funds phone right away to see if they can get stock for $4.55.
The ones who can get stock, SHORT OSK all the way until $4.55 and then they cover at $4.55. They make the difference in profit.
That is why the stock dropped like a rock.
Once the placement closes on the 25th, with GOLD at $1,000,
this stock will get to $6.
At this price, OSK is a GIFT.