Kits Eyecare Ltd T.KITS

Now I understand 😕

[Seelow7]

Insider selling. By the CEO no less. Always the kiss of death for a sp. You'll see a wave of analysts lowering their price targets now. GLTA

[Possibleidiot01]

Maybe you don't. This is not a dilutive move ; no  new shares were created. This comes down to whether people want to buy into a company that is firing on all cylinders ; this is a fraction of insider shares presumably they want some cash now and might like more later. JMO.   KITS EYECARE LTD : HAYWOOD SECURITIES RAISES TARGET PRICE

[Niceneasydoesit]

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. 

[Possibleidiot01]

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

[Niceneasydoesit]

Here is what you seem to have missed. . The stock was riding on momentum and those  of us who use that , understood the damage that was done thought the transaction.if they needed cash, there were other ways to do it. It's not fatal, but it ticks me off. Why you ask, I'm a trader. Now I'm a bag holder. 

[Seelow7]

I should have been immediately suspicious when they dropped that bizarre "we had a record week" NR  :/

[Possibleidiot01]

Happy to see your explanation. I'm a lazy BUY and Hold guy and have to make far fewer decisions than you . One of my more favourite quotes " “Everything works out in the end; if it hasn't worked out, it's not the end”