Post by
Northerencents on Nov 24, 2020 4:20pm
Q3 key excerpt: The company did more then 4X
Revenue in Q3 2020 then All of 2019 4X!
All of 2019 maintained an average market cap of 20 million !
Now X 4 80 million! SP $1.33
oh wait that's just one quarter X4 again
320 million
320 million/ 60 million (after offering)
Ding ding ding ding
Sp $5.33
simply a pivotal material change hold onto them shares
Aristotle$$$$$$$$?
Comment by
Northerencents on Nov 24, 2020 5:51pm
Exactly lith let's do us all favour and switch the thread, I'm wondering if this got well over subscribed
Comment by
Constructor on Nov 24, 2020 7:48pm
I hope so! But wouldn't they have to announce it? How soon after fully subscribing and selling the additional I believe $5 million worth of shares do they have to announce it? If it is fully subscribed, can sz theoretically hold off on announcing so as a favour to allow the brokers to acquire more millions in shares at the lower price?
Comment by
Northerencents on Nov 24, 2020 8:12pm
Good questions constructor, I'm not sure I can the closing taking longer in general with more t's to cross having various funds all wanting in. I don't think they are obligated to announce anything until the deal is closed and sealed with Tripp salvia
Comment by
NotACop on Nov 24, 2020 9:35pm
Here is what I can tell you, they stopped taking people's money (you could no longer participate) in less that 48hrs after the offering was announced. A friend tried to get in and was told it was closed Does this mean oversubscribed? I think so... But I'm not 100 percent sure. I've been wrong in the past. We will find out within the week.
Comment by
Saaweeeetdreams on Nov 24, 2020 9:38pm
I believe its closed to Joe Q Public, not necessarly over subscribed.
Comment by
LithLover on Nov 24, 2020 10:01pm
From Nov 17 news regarding delay in financials near the bottom : The Company is working towards closing the previously announced Offering by the end of November.
Comment by
Northerencents on Nov 24, 2020 10:07pm
Yes I think it will close by the end of this week is my hunch, but credit to liked2tinker the market always knows best and hasn't reacted yet. there is also a large short position right now by the looks of it. Aristotle being approved would be a gnarly catalyst to go along with that
Comment by
Saaweeeetdreams on Nov 24, 2020 10:10pm
If I was CEO and my company was oversubscribed I would be yelling off the roof tops, saying this company is so good many institutions wanted in but not enough to go around, you want in, buy in the public market. or wait for the next offering at 10x this price.