InvestorsHub Logo
Followers 193
Posts 16594
Boards Moderated 10
Alias Born 01/29/2018

Re: pay in cash post# 153267

Sunday, 06/09/2019 10:45:57 PM

Sunday, June 09, 2019 10:45:57 PM

Post# of 222018
No, you won't be able to tell. Roth acted as the underwriter for an offering of 5,750,000 shares last year in April (go to disclosures for April 2018 and read the 8K's). As underwriter, their job is to arrange for their customers/contacts/investment companies they know to buy the offering, so I'd doubt if they held the stock very long to begin with.

That being said, when they did the offering, they had to look over the company's business quite thoroughly, and the fact they're still willing to stick up for the company a year later would tell me it probably isn't a pump and dump. The guys who announced they've shorted the stock and have called it a pump and dump should be spanked, as that wreaks of manipulation.

Stock still may have been overpriced and may have earned some short positions, but you don't play that way.

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.