pennypincher
OP
irish1521
:
yes almost 70% drop for a 70 million offering. it will rise back up by half that as soon as the offering closes and the other half soon after. may even keep this long term seeing how strong it was before the offering.
pennypincher
OP
GoodstockHunter
:
not sure how that works or if they even have any kind of control over price action. they set it all through another company and they handle the offering. I just know buy it while it's cheap because it was holding strong before the offering.
pennypincher
OP
ramenbowl
:
I don't think so but I've been wrong before. if it does I'll average down. offering may be done by tomorrow at which point I only see it going up. offering is only a little over 23 million shares.
irish1521 : this is what Im doing . bought the slide wait for the climb.
pennypincher OP irish1521 : yes almost 70% drop for a 70 million offering. it will rise back up by half that as soon as the offering closes and the other half soon after. may even keep this long term seeing how strong it was before the offering.
GoodstockHunter : will any company still accept the offer if it drops to 1 or 0.5, for the fact that they are offering at 5?
pennypincher OP GoodstockHunter : not sure how that works or if they even have any kind of control over price action. they set it all through another company and they handle the offering. I just know buy it while it's cheap because it was holding strong before the offering.
ramenbowl : tomorrow will drop another 15-30%
pennypincher OP ramenbowl : I don't think so but I've been wrong before. if it does I'll average down. offering may be done by tomorrow at which point I only see it going up. offering is only a little over 23 million shares.
dogoodeveryday : Guess as long as we buy anything below $5 this should be a good Fair pricing for this company