"Feb 9 Presentation by Paul Wotton may be signalling end of $OCAT lock-up quiet period for the $62 mil, 10 mil shs placement."
Then again, it may be "signaling" NOTHING as there is no supposed "lock up period" that has anything remotely to do with the company being able to speak, present, discuss, etc.
Also, there is NOTHING that says the offering will be for $62 million or net anywhere near that to OCAT (NOT $OCAT, the symbol, the correct and only one is OCAT). The offering will price at a discount for the underwriters- they all do, always. And at this market price that's not gonna be anywhere near $6.21. That's a "template" number plugged in on a PRELIMINARY, as in YET TO BE PRICED prospectus, and is simply taken as the day's price when the P R E L I M I N A R Y prospectus gets printed and is YET TO BE PRICED.
So, printing the number $62 million over and over and over again- does not raise the chance of that much money being raised "if" they can ever even get this secondary placed and sold. It's almost a 100% certainty at these market prices and conditions that OCAT (NOT $OCAT) is gonna net to their bank account far less than $62 million on 10 million bulk shares being sold to an underwriter, who per the prospectus ALWAYS gets an UNDERWRITER'S DISCOUNT.