Wind_Storm
Chhavin
OP
:
ASNS is selling that quantity of shares at 2.75$/share raising 3M$. It's issuing shares to a purchaser from authorized shares. That increases the outstanding shares that same amount. It causes dilution and drop in the stock price towards the 2.75$ price.
Wind_Storm : Why. back to 4.00?
Chhavin OP Wind_Storm : Unless I’m reading it wrong. ASNS will be purchasing 999,970.
Wind_Storm Chhavin OP : ASNS is selling that quantity of shares at 2.75$/share raising 3M$. It's issuing shares to a purchaser from authorized shares. That increases the outstanding shares that same amount. It causes dilution and drop in the stock price towards the 2.75$ price.