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Seeking alpha has an article on the warrants issued. The good thing about tomorrow is that the IPO is closing. That means the shorts who shorted over 5 million shares the 1st IPO day and over 700k in the second day have to cover. That means a huge amount of shares are being bought. Tomorrow should be the best day we have seen by far
Perfect 100 share bid paint to close at the lows on a downtick...the artists are still at work.
Boilerroom getting in tza anytime soon?
If $YOSH issued $4 warrants which they didn't those holders certainly wouldn't be converting and offloading them in the $3's taking huge losses on a day old IPO.
Not to mention they upsized the offering by 441,000 shares which shows demand. (Also EF Hutton the bookrunner does very little promotion when it comes to IPO's) Once again this price action makes ZERO sense I've done the DD I need and am going for the bleacher seats with this baby.
Take $JZ an absolute garbage majority CCP owned VIE scam stock with no viable business except selling shares to overseas retail...goes to $186 IPO day (now under $4 and headed <$1 with the rest of them) that's how much sense this market makes.
$YOSH loaded earlier at $3.10 I think they are running out of shares to sell should run soon
$YOSH so far it is and it makes ZERO SENSE this is a company opening new locations with fast growing revenues...I think part of it may be people mistakenly think it's a Chinese scam stock which it's not it's a Japanese restauranteur centered in Southern California.
Cost averaged my sack to low $4's and holding this market is really a joke they punish good companies and pump up no revenue no earnings crap.
Yep. With a low float and $4 IPO price this makes no sense at all.
its amazing how some run so good and others like YOSH are so painful
Still selling. Now 3.70
yep, could go if they let off
Makes sense. Warrants should be done. Pps should head north Monday.
$YOSH IPO issued warrants @$4 that's why it's staying at the current price. They sold the warrants at a surplus. Then whenever the price went under the $4 they stopped selling them. This IPO can explode at any given time. The warrants supply has been used and seem to be close to empty. There is so much more potential for a price increase on Monday than on the as ctual IPO day. I am very excited to see what it will do.
Now trading below IPO price? Who is selling down here???
Now $4.07. IPO price $4.00?
I'll buy more next week
Ya, this low floater will run next week..
A lot of traders may not even know about YOSH yet. YOSH does not come up at all in the Schwab trading platform. It usually takes a day before a new IPO shows up and is easily tradable.
I suppose I could call in an order if I really wanted to (I don't), but that would be a hassle.
In earlier at $5.30
Nice, now @ $4.45
GOOD! Ya made some coin, Bro!!!
In at 5.19 out at 5.85 stop while I’m ahead ..lol.
YOSH: To dah MOON, Top Ramen aficionados!!
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DISCLAIMER: BEFORE investing in ANY stock, please consult with MY (proven) 'Personal Financial Planner', below --- Mr. D. Harry!!! And, no matter WHAT that Stock may be, Harry's ADVICE is invariably the SAME!!!
This low float could fly out of the gate.
$YOSH: IPO this Friday.... Ramen BABY !!! Japanese restaurant operator Yoshiharu further lowers share offering ahead of $12 million IPO
https://yoshiharuramen.com/
Yoshiharu Global Co. (YOSH)
IPO date is expected 09/9
IPO Price Range
$4.00 - $5.00
Shares Offered
2,750,000
Deal Size
$12.38M
??????
Heads up: $YOSH
the offering is for 2.45m shares, but in the prospectus there are 1.32m resale shares also registered as resale shares from selling shareholders. Those shares are not locked up.
Still a tiny float @ 3.8m, but something to be aware of.
Here is the complete SEC filing .........
https://sec.report/Document/0001493152-22-002176/
August 30, 2022
YOSH
Yoshiharu Global, which operates seven ramen-focused Japanese restaurants in Southern California, lowered the proposed deal size for its upcoming IPO on Tuesday. The company also disclosed 1H FY22 financials, and removed Valuable Capital as an underwriter.
The Buena Park, CA-based company now plans to raise $12 million by offering 2.8 million shares at a price range of $4 to $5. The company had most recently filed to offer 3.8 million shares at the same range. It originally planned to offer 4 million units before lowering the offering and removing the attached warrants in May. At the revised terms, Yoshiharu Global will raise -27% less in proceeds than previously anticipated.
Yoshiharu is a Japanese restaurant operator specializing in authentic Japanese ramen. The company also offers a variety of sushi rolls, bento menu, and other favorite Japanese cuisine. Yoshiharu currently owns and operates eight restaurants across Southern California, with an additional one new restaurants under construction or in development, and eight more expected to open in 2022.
Yoshiharu Global was founded in 2016 and booked $8 million in revenue for the 12 months ended June 30, 2022. It plans to list on the Nasdaq under the symbol YOSH. EF Hutton is the sole bookrunner on the deal.
GO $YOSH
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