Post by
pennydredful on Dec 10, 2022 6:39pm
The TIP OFF came
To get out of this name in mid August when the company filed a document that would allow them to sell treasury shares into the market ,otherwise known as an ATM ( at the market) program. This is something that has been recently imported from the United States . If you every have shares in a conpany that announces an ATM program ---my advice ---sell immediately . This is the opposite of an issuer bid where a company is buying back shares for cancellation cause they are underpriced. In this ATM case they are saying , our shares are fully priced and we will sell you ALL YOU WANT at the current price.
Comment by
pennydredful on Dec 10, 2022 6:45pm
With an ATM You are giving the finger to the brokerage community , saying I will go it alone I don't need you. They will take note to some degree and act accordingly IMO.
Comment by
pennydredful on Dec 11, 2022 12:31pm
IF you are in the business of constantly raising capital as in capital intensive industry , making acquisitions one needs the brokerage industry to make that happen .