GREY:TSTIF - Post by User
Comment by
eunice12on Jan 12, 2016 11:42am
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Post# 24449875
RE:RE:RE:RUMBLE and CASH
RE:RE:RE:RUMBLE and CASH"Rumble did this to get rid of the overhang on the share price." I disagree. The sp was as high as $2.23 a few days before the force expiry was done, so the small amount of warrants did not overhang the sp then and wouldn't be a factor if he let the sp find its natural height.
Likely some people thought he wouldn't do it until he got FDA or some more solid news such as clearing up the murky nr that he was putting money into the factory for unknown production increases. All he had to do a few weeks ago was state he wouldn't force the warrants for at least 1 month or until some momentous event like the new FDA approval occurred and the sp would have remained high because his intent to keep it high would be clear, but the way he did it has left everyone wondering how many panic sellers will take anything above $1.875?
He either chose to crush the warrant holders as I explained before and later on teekae understood here https://www.stockhouse.com/companies/bullboard/t.tos/tso3-inc?postid=24436428 and may still succeed with some who need to sell but didn't sell yet. Who knows how many true shorts exist who are piling on now during this force period?
- OR
he was just being an IR nerd like in the spring of 2014 when FDA asked for 1 final experiment at medium concentration and they already accepted high and low, so success was a slam dunk which he said in the cc the tests would take 1 month to do but it took over 2. He didn't update the shareholders during that extra month so after 1 month was up the sp fell off the cliff down to its 5 year low.
If you fear a cheap Getinge takeover, then he has set the table for them with this sp crush.