RE:RE:RE:RE:Short Data - huge increase in short selling since September BudFoxx2020 wrote:
ps. The Score was listed in the US otc as well but they still had to dilute to list on nasdaq. I really don't know where you get your information regarding the listing on Nasdaq. I am just pointing out what I saw happened with the Score where I was an investor.
The Score raised money concurrent with their US listing - but they didn't have to. it also looks like they didn't have a purpose for the funds, like an acquisition, it was for general working capital and to support one of their businesses. that's a dilutive transaction.
they were listed on the TSX already, so they could have just started trading on the NASDAQ without doing a share offering so long as they met the listing requirements.
see the link here for some info on interlisting:
https://www.investopedia.com/terms/i/interlisted-stocks.asp bottom line is that WELL isn't going to tap the US markets unless they need to. the CEO confirmed that on the recent call - they will list if and when needed. the owners aren't going to dilute their own interests, it will be an accretive transaction. they own 27% of the company.
I am just trying to reiterate that the $500MM shelf prospectus isn't the overhang on the stock. there's something else happening - or the telehealth sector is just getting beat up, who knows!