美神 aka MC : Meaning?
Roy Peck : Can explain this.??
101817578 : Means it will down because they are offering more stock which will dilute the price. Hence the major sell off today.
LQYI 101817578 : But they’re selling 5.5 mil shares at $8.74. Will it go back up once more?
ruffvs LQYI : This offer price is an assumption during the writing, as at current market price it would no longer stands.
101817578 ruffvs : Yes indeed. What is fixed is the amount they wish to raise, which is 48mil dollars. If share price is 2dollars means they'll issue 24mil shares if need be.
美神 aka MC : Meaning?
Roy Peck : Can explain this.??
101817578 : Means it will down because they are offering more stock which will dilute the price. Hence the major sell off today.
LQYI 101817578 : But they’re selling 5.5 mil shares at $8.74. Will it go back up once more?
ruffvs LQYI : This offer price is an assumption during the writing, as at current market price it would no longer stands.
101817578 ruffvs : Yes indeed. What is fixed is the amount they wish to raise, which is 48mil dollars. If share price is 2dollars means they'll issue 24mil shares if need be.