RE:RE:Flow throughAt the end of the day it's wether or not you think Mark did a great job to increase shareholder value bringing in $45 million with no warrants and a pile of new potential open market buyers/analyst reports etc. If not then sell and move on. That's a huge pot of leverage as long as it's spent wisely.
I noticed the $6.7 million overallotment too. So could be $51.7 million in the end. I imagine there is a lot of jockeying for position size going on right now in the backrooms.
"The Company has granted to the Underwriters an option, exercisable for a period of 30 days after and including the closing date of the Offering, to purchase any combination of additional Offered Securities for additional gross proceeds of up to 15% of the gross proceeds raised under the Offering to cover over-allotments, if any, and for market stabilization purposes."