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$Golden Heaven (GDHG.US)$ selling is strong because they are...
selling is strong because they are a horrific company. I took a quick glance at the amended $100M registration statement. Looks like they may have removed the minimum market cap that they previously stated in order to sell. I don't have time but I will read it later more thoroughly. Wondering if the massive volume last week one day was a short against future distribution, either way we are screwed.
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WhyDown : "in no event will we sell our securities in a public primary offering with a value exceeding more than one-third of our public float in any 12-month period so long as our public float remains below $75 million"
Capster 77 OP : LOL if course it was in the 1st paragraph so that's why I missed it!
beedeebee WhyDown : what does that mean?
WhyDown beedeebee : if current public float value is $300k, they cant sell more than $100k new shares.
beedeebee : I see.. this is interesting