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Lots of information under their Securities Registration (s-1/a) 27 September. The details are all there.
We estimate the net proceeds from this offering will be approximately $8.6 million (or $10.0 million if the underwriter exercises its option to purchase additional shares in full), based on an assumed public offering price of $0.65 per share, the last reported sale price of our common stock on The Nasdaq Capital Market on September 24, 2018, after deducting estimated underwriting discounts and commissions and estimated offering expenses payable by us.
This has the potential to drop down to the share price of .65 per share which is the selling price of the offering. And then maybe a bounce. Who knows.
Even if the shares are all sold the total share count would still only be 26,807,943
26,807,943 shares of common stock, assuming no sale of any pre-funded warrants (or 29,115,635 shares of common stock if the underwriter exercises in full its option to purchase additional shares of common stock, assuming no sale of pre-funded warrants).
Don't know about the selloff being done but I believe we are.
MIXED SHELF OFFERING The ability to offer securities for sale with different size, price and terms which may be determined at the time of sale.
Shelf Offering
WHAT IT IS:
A shelf offering is a sale of stock by a company over time.
HOW IT WORKS (EXAMPLE):
Let's say Company XYZ is a public company and would like to sell shares in order to raise money to build a new factory. The company already has some Series A common stock outstanding; this new offering would be of Series B common stock that carries a different dividend. Company XYZ wants to sell 1 million shares of the stock, but it doesn't need the money all at once, so it files a shelf offering with the SEC under Rule 415 of Regulation C of the Securities Act of 1933.
Company XYZ hires an investment bank to underwrite the offering, register it with the SEC and handle the sale. The company receives the proceeds from the sale of the shares.
Generally, a company can register a shelf offering up to three years in advance, meaning that it has that long to sell the shares. The company files a Form S-3, F-3, or F-6 to do this (the form depends on the type of security and the nature of the issuer). The issuer still has to file the quarterly, annual and other disclosures with the SEC even if it hasn't actually issued any securities under the shelf. If the three-year window is getting close to closing and the company hasn't sold all of the securities in the shelf registration, it can often file replacement registration statements to extend the offering.
Shelf offerings can be delayed offerings or continuous offerings. In a continuous offering, the company is agreeing to make shares available for sale immediately (though it might not actually sell any immediately, and that is the company's choice); in a delayed offering, the company does not intend to make any shares available for sale until later in the three-year window. The information contained in the shelf offering statement varies depending on whether the offering is delayed or continuous and whether the issuer is already public. Regardless, most of the time the prospectus describes the type of security offered, a summary of the issuer's business, the use of proceeds, and the plan of distribution. Sometimes the issuer will provide a prospectus supplement with more detail.
When the company actually issues shares registered under the shelf offering, we say the company is doing a "takedown."
WHY IT MATTERS:
Shelf offerings give the company the flexibility to get the paperwork out of the way now and then offer the shares only when it needs the cash or only when the market conditions are good. They also signal to investors that the company intends to raise capital for new projects, possible acquisitions, or maybe to refinance something. However, companies aren't the only entities that can do shelf offerings; they can also involve founders or other managers (such as venture capitalists) selling all or a portion of their stakes in a company. Shelf offerings thus give these shareholders a way to monetize their positions.
Shelf offerings can dilute existing shares considerably if the offering comes from the company because new shares are being created. Selling a large volume of shares all at once can exert downward pressure on the stock's price -- a situation that is exacerbated when the stock is already thinly traded.
nOT EVEN A REMOTE CHANCE OF THIS TURNING.
It appears the pumpers came through and left as quietly as they entered. Probably hurt some folks pocket books. Just a GUESS.
So maybe this trend is now starting to reverse. We'll see.
Not enough buying volume to move this north. Yikes!
Another bottom and the bottom falls out again.
Maybe the 1.15 to 1.16 area is bottom.
May as well wait to buy more in the after mkt after swing traders cash in on their profits
Hope the $1.75's pay off.
As soon as we started to have momo the halt killed it. What a coincidence
Agreed these halts allow shorts to stack
Halts are killing us and robbing the momentum
Orchestrated push that suddenly went limp? However, it does show how easy this can move.
Need a PR
Makes for a nice loading area. $RSHN
You know they been working all day to unload those .42's so do it and get it over with and we can move up. SHeesh
I haven't found any yet but if there is some news there always folks who for whatever reason seem to get advanced notice and shares spike. Sometimes a long period of loading takes place by institutions and then it's moves
This one is always full of surprises.
Agreed and thanks for the response.
Any chance this position will come back? Haven't heard anything from this.
I did call Lucid Motors and they told me they were a private company and this stock symbol has been inactive since 2014
Making .60 a share off the bottom is pretty good when developing a position.
This just goes to show you how easy it is to move the needle on this one.
MM manipulation on this one is over the top.
Unaudited FInancials results https://ih.advfn.com/p.php?pid=nmona&article=78297809
So what do you think this symbol is about?
The Company returned my call stated they're a private company. No stock symbol. This is not it.
I called the Company Lucid Motors and am awaiting their response but their site shows it's a private company no IPO yet. OTC shows this symbol as having a red stop sign and no news since 2014. Might have been a great short. Just sayin https://lucidmotors.com/
Non stop selling for 30 minutes now. Wonder why?
This should be huge. Word starting to get around.
Wonder who or what was behind this pump?
Receives Orphan Drug Designation
https://www.accessdata.fda.gov/scripts/opdlisting/oopd/detailedIndex.cfm?cfgridkey=649918