Saturday, November 12, 2016 5:24:27 PM
Listen, when I say the offering sucked it isn't just sour grapes - it sucked for anyone holding even a single share of stock before the announcement. Folks that bought last week or folks that average down significantly should still be OK, but this stock really could have ran to $3 or $5, now you have to put that on the multiple year time horizon, if ever. Still money to be made in a reasonable time here, just a lot less.
Again, with the pain management segment of the company and revenues coming in from that they had many different choices available to them to raise money - they are selling shares like a desperate, one-trick, no income, pony...it isn't necessary. One of the reasons I invested here is because I thought they wouldn't have to pull crap like this because of the underlying business. I truly believe that management isn't looking out for shareholders here and it is because they don't hold much themselves.
Following the charts is like driving a car forward while looking in the rear view mirror.
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