RE:RE:RE:Now I understand 😕You seem to have missed "KITS will not receive any proceeds from the Offering."
So , it's not costly for the company ; it's not costly for the controlling shareholders because at one time they thought they could do a secondary issue around the $8 dollar (posts of June 3, 2024) They found they could get more than $10)
They sold shares because there was demand ......... and if you feed demand , you create more demand which causes the rest of your shares to increase in value.Insiders still have tons of shares.
Directors are IMO acting positively here and working for you ; the fact the stock went to the offer price makes sense....... it won't stay there if results are good.
Niceneasydoesit wrote: Yep, it's not dilutive and the stock does not trade in volume so if they needed funds quickly, it was expedient, but costly for them and for us.