InvestorsHub Logo
Followers 375
Posts 17014
Boards Moderated 4
Alias Born 03/07/2014

Re: None

Thursday, 02/05/2015 3:05:43 PM

Thursday, February 05, 2015 3:05:43 PM

Post# of 92948
Quote: "Shiskabill..(1)The $10 mil, 62 mil shs offering is no longer being listed. At least can no longer find. and (2) OTC MMs have curtailed Naked Shorting. These two events would curtail vol as Shorts quietly cover their positions. JMHO"

1) PURE NONSENSE there is not a "quiet period" and the offering is thus completed, blah, blah, blah NONSENSE?? The offering is 100% still listed and on the SEC EDGAR website- what myth is this that it's no longer "listed"??? Where is that coming from?

2) IF, OCAT placed and sold ONE SHARE of that secondary- it's a materials event and gets plastered on the SEC EDGAR database the split second after i happens. PURE MYTHOLOGY that there's "secret deals" and "secondaries" get done but sandbagged or shelved while no one is told, blah, blah, blah.

3) The price right now is inching up on nothing volume- just amateur buyers who are too far out of the news cycle now to understand that a 30% dilution bulldozer is about to mow this down "if" they can ever even get this dilutive secondary placed and sold (and NO it's not for $62 million, that's a "template" number plugged in from the BLANK, generic, prelim prospectus based on the market price the day it's filed with the SEC. 10 million X that day's market share price)

The secondary will "net" to OCAT whatever the underwriter's price is per the shares (which included a share discount) - underwriting fees/expenses. There is NOTHING that guarantees that's going to equal $62 million.

The offer is 100% alive and the blank aka UNPRICED prospectus is parked right on the SEC EDGAR database right where it's always been- despite all the myth posts of today.

http://www.sec.gov/Archives/edgar/data/1140098/000104746914009660/a2222363z424b5.htm

There it is- unchanged from the day they posted it.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.