Quote LOL, "the last 3 months pps fall is attributable to external short action, NOT the actions of Wotton or any other insider. Wotton went ON RECORD to state categorically that there were NO fundamental changes within the company that would explain the ~50% drop in pps. "
WHAT?????????
NO CEO is EVER going to say anything specific in public about their common share price and specific pricing/trading action- other than something vague like "no fundamental changes" blah, blah, blah. THEY CAN'T- it's a potential SEC violation for the CEO to make public statements about any specifics related to their stock price and trading action etc, especially w/o getting into safe harbor and full disclosure and "material events" etc. Which they would do on a SEC 8-K or similar if required. His comment is a milk-toast, typical, nothing response regarding their shares getting crushed by the dilution secondary- it means nothing IMO.
WHO IS SHORTING OCAT? It's nearly 99% most like THEE UNDERWRITERS and THEIR CUSTOMERS, aka the HEDGE FUNDS who they sold the warrant laced secondary to- that's who. The stock was just mass diluted for a $28 million cash raise AND had warrants (aka "kickers" or "sweeteners") tacked onto the weak deal. It's as old as time for those deals to get shorted to the dirt.
It SAY, IN PLAIN ENGLISH in the secondary offering prospectus that was filed with the SEC, that THEE UNDERWRITERS and/or THEIR "CUSTOMERS" aka who they sell and dump the secondary shares to- that they can and will SHORT THE STOCK up to and including NAKED SHORTING to make their money back and meet their financial profit requirements as the handlers, book runners and buyers of the secondary offering.
THOSE ARE FACTS, simple as that, LOL !!!!!!!!!
Posts contain only my amateur opinions, personal views and thoughts. I discuss stocks as a hobby only. Always do one's own due diligence before investing.
