Disappointing .....But!!!While the timing of the NRs released this week may have left some investors disheartened the reality is this:
* 11+ million shares traded hands yesterday, 208 million outstanding shares didn't
* a lot of investors sold shares yesterday, a number of others got a great deal
* the sp dropped, it will go up again and with the backing of H.C. Wainright probably much higher
* two days ago investors were euphoric, the metrics behind AcuVid didn't change yesterday
* from NZ to re-entry into Canada to the cruise ship industry RATs are a hot commodity
* much of Asia is still trying to fight covid from within ...THRM has manufacturing ties there
If H.C. Wainright got too much for this deal who are investors to care if they're now selling warrants that are above the current sp ....all of a sudden that's great news as new investors are encouraged to buy shares of THRM. In fact it's great for all of us. If Rob and team can drop another NR on a final FDA submission especially today or tomorrow yesterday might be viewed through a very different lens.
GLTE!!!