Value Microcaps Motherboard

[worthylion]

AOB--The price collapse yesterday was definitely IMO because of SHs dumping newly registered shares. That pressure on the sell price could persist for a month or so until these folks are out although I don't think the stock price is currently above their cost (or not much). The bigger issue is that AOB raised $60 million in that secondary, presumably for a major acquisition, and there has been no announcement for months. Did it fall through? The dilution is going to hurt their 4th Q EPS even if revs and earnings continue their historic growth--so they need an offsetting positive announcement to turn the stock price around. I don't think pure organic growth will be sufficient to impress SHs if the CEO just sits on $60 million with nothing to show for it except dilution.