GREY:IVITF - Post by User
Comment by
Infirstmoneyon Feb 10, 2017 11:57am
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Post# 25828865
RE:More Dilution and Cheap Shares....
RE:More Dilution and Cheap Shares....The first mis-step by management. Up until now, they did everything pretty much right. No doubt they cound have waited for a better price. Maybe they didn't have the stones to wait just a tiny little bit longer. No doubt the market would have raised the IMH price target over the next few days, after all their positive news and deals the past few days. CEO job often like a Poker Game, sometimes you have to wait for the perfect moment to go "all in". Obviously, the CEO believed that the huge run-up over the past was due for a correction, so he pulled the trigger. In the end, maybe he was right, we will never know for sure. Still, instinct tells me that they came in a little too low, unless they worked out a future side deal with the broker. JMO, GLTA!