RE: i figured it outSorry it was replyed to the wrong post. This is happening a lot lately.
No way. That underwriting was done and consumed. The thing that holds back the price is the warrants as i have said many times on this board. . A holder of those free trading warrants could do one of two things. Sell them into the open market to reduce his cost of the private placement, or hold the warrants and sell his stock to reduce his risk in the private placement. Either way it acts to supress the stock price.