Post by
2021Gamble on Jul 28, 2022 6:08am
Must say I'm disappointed with this one
The price suppression has been obvious, but for this to be the reason is an absolute ridiculous and pathetic measure on management allowing it to occur
And throwing in a half warrant when the upside to analyst price targets is almost 100% is a real kick in the nuggets
So we get dilution , made worse by the rediculously low 1.20, and more dilution with the 1/2 warrant which they'll use to cover their shorts which they used to keep the price down artificially
Nope.....not a happy camper on this one
Comment by
FatherJack on Jul 28, 2022 11:22am
Yeah, If they would have raised the div 1/4 cent per quarter last earnings the share price would have shot up and they could have done the financing at a much higher price.
Comment by
capedcrusader on Jul 29, 2022 9:38am
I intend to write the regulator to complain about this offering. 1. The offering was done at a much lower price than the 3 or even 6 month average stock price. 2. Nothing was done as others have mentioned to increase shareholder value prior to completing the offering i am really angry about this one. CC