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They need to provide news and a pr and information on the insurance payment
Well we need a PR or notification that insurance has paid for the damage!
Me either
Won't complain one bit.
RMBL
$3. Best case senerio
I agree. Get ready for a nice bounce Monday! I am locked and LOADED because this sucka is gonna go back up!
No gaps need filling either, and by the looks of the chart we are in somewhat of an upward trend. Have a great weekend everyone!
-RMBL-
Looking good so far, we’re still churning in the after hours, so far up 2.5% from close! Maybe we get some news Monday, or mid week on their operations starting to increase due to the relaxed covid 19 restrictions starting. Also it was a bloody Friday over here, so that usually dictates a nice bounce on Monday;) good luck everyone!
-RMBL-
Back to the .30’s Monday
* * $RMBL Video Chart 05-07-2020 * *
Link to Video - click here to watch the technical chart video
Chart broke down... not any more...things change minute by minute
RumbleOn Receives $5.2 Million in Funding from the Paycheck Protection Program
Source: Business Wire
RumbleOn, Inc (NASDAQ: RMBL), the e-commerce company using innovative technology to simplify how dealers and consumers buy, sell, trade or finance pre-owned vehicles, today announced the receipt of approximately $5.2 million in funding from the Paycheck Protection Program (PPP).
“With economic uncertainty affecting all of us, we proactively applied for these funds as part of our ongoing contingency planning and preparation. The funding provided to us by the SBA PPP loan ensures that we are positioned to reaccelerate our business as conditions permit,” commented Chief Executive Officer, Marshall Chesrown. “Over the course of the past two months, we have communicated the actions we are taking to mitigate the impact on our financial performance. While the ongoing and future effects of the COVID-19 pandemic are unpredictable and continue to evolve, we are taking prudent steps to protect the long-term health of our business and remain committed to delivering shareholder value over time.”
The PPP funding takes the form of a low-interest loan, certain amounts of which are forgivable in accordance with the PPP.
About RumbleOn
RumbleOn (NASDAQ: RMBL) is an e-commerce company that uses innovative technology to simplify how dealers and customers buy, sell, trade, or finance pre-owned vehicles through RumbleOn’s 100% online marketplace. Leveraging its capital-light network of 17 regional partnerships and innovative technological solutions, RumbleOn is disrupting the old-school pre-owned vehicle supply chain by providing users with the most efficient, timely and transparent transaction experience. For more information, please visit http://www.rumbleon.com.
Cautionary note regarding forward looking statements
This press release may contain “forward-looking statements” as that term is defined under the Private Securities Litigation Reform Act of 1995 (PSLRA), which statements may be identified by words such as “expects,” “projects,” “will,” “may,” “anticipates,” “believes,” “should,” “intends,” “estimates,” and other words of similar meaning. Readers are cautioned not to place undue reliance on these forward-looking statements, which are based on the Company’s expectations as of the date of this report and speak only as of the date of this report and are advised to consider the factors listed under the heading “Forward-Looking Statements” and “Risk Factors” in the Company’s SEC filings, as may be updated and amended from time to time. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20200507005273/en/
Investor Relations:
The Blueshirt Group
Whitney Kukulka
investors@rumbleon.com
You mean tomorrow?
Down volume surprise after news. I had no bid in .. almost but I think best to watch and wait.
RMBL
Target $2 by EOW
RumbleOn Appoints Michael Marchlik to its Board of Directors
Source: Business Wire
Financial Services Veteran Joins the RumbleOn Board
RumbleOn, Inc (NASDAQ: RMBL), the e-commerce company using innovative technology to simplify how dealers and consumers buy, sell, trade or finance pre-owned vehicles, today announced the appointment of Michael Marchlik to its Board of Directors. Marchlik serves as the Chief Executive Officer of the Advisory & Valuations division of Great American Group (GA). The nearly 25-year veteran will join the RumbleOn Board of Directors effective May 2020.
“We are pleased to welcome Michael to our Board of Directors. With a proven track record delivering financial advisory and valuation guidance to public and private technology companies, Michael brings deep financial expertise, an asset that we will leverage as we continue to build our market presence and execute on our vision,” commented Marshall Chesrown, Chief Executive Officer.
“RumbleOn’s technology is on the cutting edge of transforming the antiquated system of buying and selling pre-owned vehicles. I look forward to working with Marshall, Steve and the entire Board in guiding the company's expansion," commented Marchlik.
Marchlik currently serves as the Chief Executive Officer of GA’s Advisory & Valuations division and is responsible for overseeing the operations and client service efforts for lenders, sponsors and borrowers. With nearly two and a half decades of experience in all segments of the asset disposition and valuation industries, he has extensive understanding of corporate transactional services, credit structure and asset-based valuation and lending solutions. Michael attended Northeastern University in Boston where he received a Bachelor of Science in Finance.
Great American Group (GA), B. Riley Financial, Inc. subsidiary, is a leading provider of asset disposition, corporate valuation and advisory services to a wide range of retail, wholesale and industrial clients, as well as lenders, capital providers, private equity investors and professional service firms.
Marchlik is the seventh member of RumbleOn’s Board of Directors and will be a member of the board's audit and compensation committees.
About RumbleOn
RumbleOn (NASDAQ: RMBL) is an e-commerce company that uses innovative technology to simplify how dealers and customers buy, sell, trade, or finance pre-owned vehicles through RumbleOn’s 100% online marketplace. Leveraging its capital-light network of 17 regional partnerships and innovative technological solutions, RumbleOn is disrupting the old-school pre-owned vehicle supply chain by providing users with the most efficient, timely and transparent transaction experience. For more information, please visit http://www.rumbleon.com.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20200506005954/en/
Investor Relations:
The Blueshirt Group
Whitney Kukulka
investors@rumbleon.com
* * $RMBL Video Chart 05-06-2020 * *
Link to Video - click here to watch the technical chart video
$.64 love that volume
This company is suffering from poor management. It had potential at one time. They should have stuck to just dealing with the motocycles. They could have taken the model to the next level expanding on the powersport segment and campers but got greedy had to get involved with cars. Now they lost their ass with all the damaged vehicles at the nasville auction and the stock price goes down down down --- should hit .10 soon when it could have been $10 ........ sad #stayAway
Shorts covering today ?
RumbleOn Updates Preliminary Fourth Quarter 2019 Operating Results; Reschedules Fourth Quarter & Fiscal Year 2019 Financial R...
Source: Business Wire
Expected Fourth Quarter Total Unit Sales of 6,432; Percent of Unit Sales to Consumers of 13.4%; and Gross Margin of 7.1%
RumbleOn, Inc (NASDAQ: RMBL), the e-commerce company using innovative technology to simplify how dealers and consumers buy, sell, trade or finance pre-owned vehicles, today updated preliminary fourth quarter 2019 operating results. The Company also announced that it will reschedule its fourth quarter and fiscal year 2019 earnings release and conference call. The conference call and live webcast was previously scheduled for Tuesday, March 17, 2020 at 8:30 a.m. ET. RumbleOn now expects to report its full fourth quarter and fiscal year 2019 results and file its Form 10-K with the Securities and Exchange Commission on March 30, 2020.
For the three months ended December 31, 2019, RumbleOn expects the following selected results:
Total revenue of $127.0 million, versus the previously expected range of $124.0 million to $127.0 million, bringing the expected full year 2019 revenue to $840.6 million.
Total unit sales of 6,432, ahead of the previously expected range of 6,200 to 6,250 units, bringing the expected full year 2019 total unit sales to 43,143.
Total unit sales to consumers of 13.4%, ahead of the previously expected range of 12.5% to 13.0%, and up from 7.5% in Q3.
Total gross margin of 7.1%, ahead of the previously expected range of 6.7% to 7.0%, and up from 5.5% in Q3.
As of December 31, 2019, RumbleOn had approximately 3,332 units on hand.
As of December 31, 2019, cash and cash equivalents is expected to be approximately $6.73 million, which includes $6.67 million of restricted cash. Subsequent to year end, RumbleOn raised net proceeds of $19.3 million in capital through a public offering of Class B common stock and private placement of convertible notes, both of which closed on January 14, 2020.
Despite the ongoing damage assessment of its Nashville facilities, RumbleOn continues to operate its other locations and serve its customers nationwide. The Company is evaluating the impact of a number of factors and has reached the decision to reschedule its fourth quarter and fiscal year 2019 financial results and conference call. These factors include: (i) the continuing assessment by the company and its insurance carriers of the costs and damages sustained by the Company’s Nashville facilities and inventory from the tornadoes on March 3, 2020 and continued work developing and implementing a final recovery plan; (ii) evaluation of the potential effects of temporarily closing its Dallas corporate office as a result of precautions taken in consideration of the CDC guidelines and recommendations regarding COVID-19; and (iii) the potential impact on its distribution capability resulting from its regional partners’ nationwide temporary change in format for conducting their auction business due to COVID-19 concerns.
The preliminary financial data included above has been prepared by, and is the responsibility of, RumbleOn’s management. RumbleOn’s independent auditors have not audited, reviewed, or compiled such preliminary financial data. These preliminary operating results are not a comprehensive statement of RumbleOn’s financial results as of and for the fourth quarter or the year ended December 31, 2019 and should not be viewed as a substitute for full consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States. Complete Financial results will be provided in RumbleOn’s 10-K which will be filed with the SEC on or before March 30, 2020.
About RumbleOn
RumbleOn (NASDAQ: RMBL) is an e-commerce company that uses innovative technology to simplify how dealers and customers buy, sell, trade, or finance pre-owned vehicles through RumbleOn’s 100% online marketplace. Leveraging its capital-light network of 17 regional partnerships and innovative technological solutions, RumbleOn is disrupting the old-school pre-owned vehicle supply chain by providing users with the most efficient, timely and transparent transaction experience. For more information, please visit http://www.rumbleon.com.
Forward-Looking Statements
This press release may contain “forward-looking statements” as that term is defined under the Private Securities Litigation Reform Act of 1995 (PSLRA), which statements may be identified by words such as “expects,” “projects,” “will,” “may,” “anticipates,” “believes,” “should,” “intends,” “estimates,” and other words of similar meaning. Readers are cautioned not to place undue reliance on these forward-looking statements, which are based on our expectations as of the date of this press release and speak only as of the date of this press release and are advised to consider the factors listed under the heading “Forward-Looking Statements” and “Risk Factors” in the Company’s SEC filings, as may be updated and amended from time to time. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Source: RumbleOn, Inc.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20200316005234/en/
Investor Relations:
The Blueshirt Group
Whitney Kukulka
investors@rumbleon.com
Futures Fall Sharply
STOCK MARKET TODAY
Dow Jones Futures 'Limit Down' Even As Fed Cuts Rates To 0%, Plans $700 Billion In QE; Covid-19 Cases Soar Amid Coronavirus Bear Market
ED CARSON
06:57 PM ET 03/15/2020
Dow Jones futures fell sharply Sunday, along with S&P 500 futures and Nasdaq futures, hitting limit down once again even as the Fed cut rates by a full percentage point to 0%-0.25% and restarted quantitative easing (QE) amid the coronavirus bear market. Dow Jones stock Apple (AAPL), Nike (NKE), Microsoft (MSFT) are making news, while ZTO Express (ZTO) and Coupa Software(COUP) have earnings due with Tesla stock still in focus.
This ad will end in 9
It's the second emergency Fed rate cut in less than two weeks. On March 3, the Federal Reserve cut interest rates by 50 basis points. This time policymakers went even bigger, cutting Fed rates to effectively zero. And the central bank is restarting QE, with plans to buy at least $500 billion in Treasuries and $200 billion in mortgage securities in the coming months. The Fed also announced a dollar-swap program with other central banks.
President Donald Trump, who has relentlessly demanded Fed rate cuts and more rate cuts, said he was "very happy" with the terrific Fed decision. But while the Fed brought the big guns to the coronavirus bear market, it's using up its bullets.
https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-fed-cuts-rates-starts-qe-covid-19-coronavirus-bear-market-apple-microsoft-tesla/
RumbleOn Assessing Tornado Damage in Nashville
Source: Business Wire
The Company has safely accounted for all employees.
RumbleOn, Inc. (NASDAQ: RMBL), the-ecommerce company using innovative technology to simplify how dealers and consumers buy, sell, trade or finance pre-owned vehicles, today announced that it is in the process of assessing the damage sustained to its facilities and inventory in the greater Nashville, Tennessee area due to the tornadoes that struck the area on Tuesday, March 3rd. Marshall Chesrown, RumbleOn's Chief Executive Officer, and Peter Levy, its Chief Operating Officer, were onsite first thing Tuesday morning to implement the Company's assessment and recovery plan.
“The well-being of our people and our community is our primary concern and we are thankful for the safety of our employees and their families,” said Mr. Chesrown. “We will provide an update on our recovery plan once we’ve completed our assessment of damages sustained to our facilities and inventory,” continued Mr. Chesrown.
RumbleOn maintains insurance coverage for damage to its facilities and inventory, as well as business interruption insurance. The Company is in the process of reviewing these coverages with its insurance carriers.
About RumbleOn
RumbleOn (NASDAQ: RMBL) is an e-commerce company that uses innovative technology to simplify how dealers and customers buy, sell, trade, or finance pre-owned vehicles through RumbleOn’s 100% online marketplace. Leveraging its capital-light network of 17 regional partnerships and innovative technological solutions, RumbleOn is disrupting the old-school pre-owned vehicle supply chain by providing users with the most efficient, timely and transparent transaction experience. For more information, please visit http://www.rumbleon.com.
Forward-Looking Statements
This press release may contain “forward-looking statements” as that term is defined under the Private Securities Litigation Reform Act of 1995 (PSLRA), which statements may be identified by words such as “expects,” “projects,” “will,” “may,” “anticipates,” “believes,” “should,” “intends,” “estimates,” and other words of similar meaning. Readers are cautioned not to place undue reliance on these forward-looking statements, which are based on our expectations as of the date of this press release and speak only as of the date of this press release and are advised to consider the factors listed under the heading “Forward-Looking Statements” and “Risk Factors” in the Company’s SEC filings, as may be updated and amended from time to time. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20200304005243/en/
Investor Relations:
The Blueshirt Group
Whitney Kukulka
investors@rumbleon.com
RumbleOn, Inc. Announces Exercise and Closing of Over-Allotment Option in Public Offering
Source: Business Wire
RumbleOn, Inc. (NASDAQ: RMBL) (the "Company"), the e-commerce company using innovative technology to simplify how dealers and consumers buy, sell, trade or finance pre-owned vehicles, today announced that in connection with its previously announced public offering of its Class B Common Stock, the underwriters fully exercised and closed on their over-allotment option to purchase an additional 2,700,000 shares of Class B Common Stock from the Company. The Company received approximately $1.4 million in additional net proceeds from the sale of these shares, after deducting the underwriting discount.
National Securities Corporation, a wholly owned subsidiary of National Holdings Corporation (NasdaqCM:NHLD), acted as lead book-running manager for the offering. Maxim Group LLC acted as co-manager for the offering. Akerman LLP served as legal counsel to RumbleOn and McGuireWoods LLP served as legal counsel to the underwriters.
The Company intends to use the net proceeds from the sale of these additional shares on working capital and general corporate purposes, which may include further technology development, increased spending on marketing and advertising, and capital expenditures necessary to further grow the business.
A shelf registration statement relating to the shares of Class B Common Stock offered and sold was filed with the U.S. Securities and Exchange Commission (SEC) on Form S-3 (Reg. No. 333-234340) and was declared effective by the SEC on October 31, 2019. The prospectus supplement relating to this offering is dated January 10, 2020. Copies of the final prospectus supplement and the accompanying base prospectus relating to the offering may be obtained by request to the offices of National Securities Corporation, Attn: Charles Wanyama, Syndicate, 200 Vesey St, 25th Floor, New York, NY 10281, Telephone: (212)-417-3634; Email: prospectusrequest@nationalsecurities.com; or on the SEC’s website at http://www.sec.gov.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale is not permitted.
About RumbleOn, Inc.
RumbleOn (NASDAQ: RMBL) is an e-commerce company that uses innovative technology to simplify how dealers and customers buy, sell, trade, or finance pre-owned vehicles through RumbleOn’s 100% online marketplace. Leveraging its capital-light network of 17 regional partnerships and innovative technological solutions, RumbleOn is disrupting the old-school pre-owned vehicle supply chain by providing users with the most efficient, timely and transparent transaction experience. For more information, please visit http://www.rumbleon.com.
Cautionary Note on Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the intended use of proceeds from the offering. Readers are cautioned not to place undue reliance on these forward-looking statements, which are based on our expectations as of the date of this press release and speak only as of the date of this press release and are advised to consider the factors listed above together with the additional factors under the heading “Forward-Looking Statements” and “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018, as may be supplemented or amended by the Company’s Quarterly Reports on Form 10-Q and other filings with the SEC, including the prospectus supplement. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20200117005474/en/
Investor Relations:
The Blueshirt Group:
Whitney Kukulka
investors@rumbleon.com
Small Company Offering and Sale of Securities Without Registration (d)
Source: Edgar (US Regulatory)
o NoneEntity Type
0001596961
Smart Server, Inc
x Corporation
o Limited Partnership
o Limited Liability Company
o General Partnership
o Business Trust
o Other
Name of Issuer
RumbleON, Inc.
Jurisdiction of Incorporation/OrganizationNEVADA Year of Incorporation/Organization xOver Five Years Ago oWithin Last Five Years (Specify Year) oYet to Be Formed
2. Principal Place of Business and Contact InformationName of Issuer RumbleON, Inc. Street Address 1Street Address 2 901 W. Walnut Hill Lane CityState/Province/CountryZIP/Postal CodePhone No. of Issuer Irving TEXAS 75038 469-250-1185
3. Related Persons
Last NameFirst NameMiddle NameChesrownMarshallStreet Address 1Street Address 2901 W. Walnut Hill LaneCityState/Province/CountryZIP/Postal CodeIrvingTEXAS75038Relationship:xExecutive OfficerxDirectoroPromoterClarification of Response (if Necessary)
Last NameFirst NameMiddle NameBerrardStevenStreet Address 1Street Address 2901 W. Walnut Hill LaneCityState/Province/CountryZIP/Postal CodeIrvingTEXAS75038Relationship:xExecutive OfficerxDirectoroPromoterClarification of Response (if Necessary)
Last NameFirst NameMiddle NameDixonDenmarStreet Address 1Street Address 2901 W. Walnut Hill LaneCityState/Province/CountryZIP/Postal CodeIrvingTEXAS74038Relationship:oExecutive OfficerxDirectoroPromoterClarification of Response (if Necessary)
Last NameFirst NameMiddle NameGrayRichardStreet Address 1Street Address 2901 W. Walnut Hill LaneCityState/Province/CountryZIP/Postal CodeIrvingTEXAS74038Relationship:oExecutive OfficerxDirectoroPromoterClarification of Response (if Necessary)
Last NameFirst NameMiddle NameWestfallKevinStreet Address 1Street Address 2901 W. Walnut Hill LaneCityState/Province/CountryZIP/Postal CodeIrvingTEXAS75038Relationship:oExecutive OfficerxDirectoroPromoterClarification of Response (if Necessary)
4. Industry GroupoAgriculture Health CareoRetailing Banking & Financial Services oBiotechnologyoRestaurants oCommercial Banking oHealth Insurance Technology oInsurance oHospitals & Physicians oComputers oInvesting oPharmaceuticals oTelecommunications oInvestment Banking oOther Health Care oOther Technology oPooled Investment Fund
Travel oOther Banking & Financial ServicesoManufacturing oAirlines & Airports Real Estate oLodging & Conventions oCommercial oTourism & Travel Services oConstruction oOther Travel oREITS & FinancexOther oResidential oOther Real Estate oBusiness Services Energy oCoal Mining oElectric Utilities oEnergy Conservation oEnvironmental Services oOil & Gas oOther Energy
5. Issuer SizeRevenue RangeAggregate Net Asset Value RangeoNo RevenuesoNo Aggregate Net Asset Valueo$1 - $1,000,000o$1 - $5,000,000o$1,000,001 - $5,000,000o$5,000,001 - $25,000,000o$5,000,001 - $25,000,000o$25,000,001 - $50,000,000o$25,000,001 - $100,000,000o$50,000,001 - $100,000,000xOver $100,000,000oOver $100,000,000oDecline to DiscloseoDecline to DiscloseoNot ApplicableoNot Applicable
6. Federal Exemption(s) and Exclusion(s) Claimed (select all that apply)oRule 504(b)(1) (not (i), (ii) or (iii))oRule 505oRule 504 (b)(1)(i)xRule 506(b)oRule 504 (b)(1)(ii)oRule 506(c)oRule 504 (b)(1)(iii)oSecurities Act Section 4(a)(5) oInvestment Company Act Section 3(c)
7. Type of FilingxNew NoticeDate of First Sale 2020-01-10oFirst Sale Yet to OccuroAmendment
8. Duration of OfferingDoes the Issuer intend this offering to last more than one year?oYesxNo
9. Type(s) of Securities Offered (select all that apply)oPooled Investment Fund InterestsoEquityoTenant-in-Common SecuritiesxDebtoMineral Property SecuritiesoOption, Warrant or Other Right to Acquire Another SecurityoSecurity to be Acquired Upon Exercise of Option, Warrant or Other Right to Acquire SecurityoOther (describe)
10. Business Combination TransactionIs this offering being made in connection with a business combination transaction, such as a merger, acquisition or exchange offer?oYesxNo Clarification of Response (if Necessary)
11. Minimum InvestmentMinimum investment accepted from any outside investor$ 0 USD
12. Sales Compensation
RecipientRecipient CRD NumberoNone (Associated) Broker or DealeroNone(Associated) Broker or Dealer CRD NumberoNone Street Address 1Street Address 2 CityState/Province/CountryZIP/Postal Code State(s) of SolicitationoAll States
13. Offering and Sales AmountsTotal Offering Amount$ 38750000 USDo IndefiniteTotal Amount Sold$ 38750000 USD Total Remaining to be Sold$ 0 USDo Indefinite Clarification of Response (if Necessary) $30,000,000 exchange of 6.75% convertible notes due 2024 for 6.75% convertible notes due 2025 and $8,750,000 of a new subscription for 6.75% convertible notes due 2025.
14. InvestorsoSelect if securities in the offering have been or may be sold to persons who do not qualify as accredited investors,
Number of such non-accredited investors who already have invested in the offering
Regardless of whether securities in the offering have been or may be sold to persons who do not qualify as accredited investors, enter the total number of investors who already have invested in the offering:5
15. Sales Commissions & Finders’ Fees ExpensesProvide separately the amounts of sales commissions and finders' fees expenses, if any. If the amount of an expenditure is not known, provide an estimate and check the box next to the amount.
Sales Commissions$ 0 USDoEstimateFinders' Fees$ 0 USDoEstimate Clarification of Response (if Necessary)
16. Use of ProceedsProvide the amount of the gross proceeds of the offering that has been or is proposed to be used for payments to any of the persons required to be named as executive officers, directors or promoters in response to Item 3 above. If the amount is unknown, provide an estimate and check the box next to the amount.
$ 0 USDo
Earnings was below expected and they had a secondary offering.
How did that read positive. The market reacted as it should. But there were great buying opportunities today
Yesterday's news reads positive.
The market reaction is showing the opposite.
Will keep watching to see what happens at open with actual volume. Not like this dry extended hours
This fell hard AH.
Will be watching for entry in the coming days.
Huge raise, losing tons of money, <$4.75, on the way to $3's...maybe$2's. lots of downside still, smokey, not anywhere near safe to enter here.
Per October 29, expected raise in Q1. Was $5 at that time, and the raise will probably be done in low $5. AH price about $5.50. They will probably need to do additional raises. I think we still could see this in the $3's. Wouldn't touch this until smoke clears. They have a lot to prove while they burn through their funding.
I'd revisit the situation during Q1. And assume that after they report Q4 that Q1's losses could be just as big. Financial beggars in a fragile market are ripe for being raped in financings.
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