RE:Why plummet after yesterday’s acquisition?It is not new acquisition, it's confirmation of the an important earlier acquisition. The market was down, the sector was down, and cloudmd declined sharper as it's been doing lately.
The investors in cloudmd are just alergic on word acquisition as it links to dilution.
idya4 acquisition done at striking dilution price at $2.16, and given the sentiment you can bet that price will stay away bellow that threshold for a while.
Acquistions as such are off the table for next little while, or.. I need to do more Bill Maher :)
Now we need to see what is Dr Hamza made of.
Important: Back to Julia ... if I read correctly .. she said that Hamza is "STILL" deducated..
Word 'still' here could be a key word. I wouldnt take granted that Hamza job is safe and sound.