S-1 Filling Announced
I saw this coming. I haven't read the details yet. But they are about to issue more stock.
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I have a corporate finance background with a good record of identifying undervalued stocks ready to break out.
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The real Honey bee : That means something??
smoothshoe OP :
smoothshoe OP The real Honey bee : they have issued 630,253 new shares
The real Honey bee smoothshoe OP : So what does it means? Price will go higher?
smoothshoe OP The real Honey bee : usually leads to a drop in price, the flost is so low it will probably be muted
The real Honey bee smoothshoe OP : I see. Thanks!
4448 The real Honey bee : The can raise $17 million by sell new shares. Its only 2% of existing shares so it won't affect prices much. It will temporarily drop the price by 2%. Long term its good because the business gets the money to expand.
smoothshoe OP 4448 : I agree
Jonathan 8507 : drop to fast, will reach 23
LittleSoldier : I think there are many variables to consider?
it’s only 630k new shares adding to 28 million shares. I would imagine as the Company grows and the shares become exhausted, this would be pretty normal seeing that currently it’s overnight as is. The 630k should help that and allow for higher trends. The 8% down trend today, probably has nothing to do with the inflow of shares and is just a normal day in trading. I highly Doubt we will see $23 a share today! Most likely it will drop a little more in post and tomorrow will be Great. Let’s see tomorrow how well I could it?
I’m not physic so shit anything crazy could happen!!
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