A random musingThe last time Excelsior announced a private placement was in December 2017. In mid November 2017 we witnessed similar price action to what we experienced yesterday and so far today. That is, the stock fell out of bed for no apparent reason.
Could it be, and here's my random muse, that just as the unexplained price drop came right before the December financing and the company is positioned now for its Capex financing, could it be that the person or group who will be doing the Capex financing is somehow causing the stock price to drop in order to receive more shares as happened during November and December?
I know a lot of us think that the Capex financing will be mostly debt but I wouldn't be surprised to see a siginificant number share included in the financing package. Hence, the reason for the price drop.
I can't think of another reason, based on everything I know about this company and the integrity of the people who run it, to come to any other conclusion.
As always, do your own due diligence. Any thoughts?