RE:RE:Interesting Lily
in my first post after the NR I gave a little summary of the advantages of a company doing an ATM. I don't believe we will see these shares in the market at the present SP. I believe they will filter them in around the .50 to 1.00 range. But I really don't know. Only the broker assigned by Fire knows for sure what the target price is.
this is a typical move during volatile market conditions. They can start and stop whenever they want and they have 3 years to filter them in based on the SP. higher the price the more money they make.
my position is " Why would a company do two quick raises (40+M $) than this ATM all within a month?"
definetly not to be acquired.
possibly, Market or product development which could include an M&A in the the present markets (CDN, Israel oe Oz) to expand their great products or into a new markets (EU or not so much U.S) so new buyers can become regular consumers of the supreme product.
just speculating but their definetly a reason to have this war chest with the option for more at anytime.
cheers