RE:RE:RE:Manipulation.Those who wanted in, are in and those who wanted out are out. This will be the pace of trading until Nov 15th at the latest, when Q3 earnings get released. In addition info on the PP will most likely be out by then as well.
It's simple: If earnings show enough growth starting to take place and the PP is completed at .15 then SEV should be headed to .20 and maybe more. However if earnings don't show much in the way of growth and / or the PP hasn't closed or has been repriced lower, then SEV is going lower than it is today.
My biggest concern at this point is; How long it is taking to get the PP done. It has been over two months ago when it was announced. This is telling me that they either don't have the approval needed or they can't sell enough of it and there could be a repricing to the downside.
Even if Q3 doubled Q2 in terms of revenue, SEV still needs the cash from the PP. Any fantasies that SEV was cancelling the PP because business is suddenly so good they don't need the cash, are exactly that.... Fantasies. This is End Game right now and either stuff happens bigger and faster or it's all over.