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Re: Whatsup23 post# 24

Monday, 04/12/2021 6:31:13 PM

Monday, April 12, 2021 6:31:13 PM

Post# of 69
$12 Million Capital Raise:

I just got my price. I just put a GTC order in after hours for 900 shares at 9.00. I'll pay 5 cents more than institutional buyers of share offering announced today:

Forian (NASDAQ:FORA) announces direct offering of 1.19M shares to institutional investors at an average purchase price of $10.21 per share, compared to the last close of $11.42.

Gross proceeds will be $12M.

It includes directors purchase of 560,461 shares at $11.33 per share; remaining 631,282 shares were bought by unaffiliated investors at $8.95 per share, representing ~15% discount.

The company says it expects to use the net proceeds for data acquisition, working capital and general corporate purposes.

I don't like anybody having shares cheaper than me. This doesn't sound like dillutive fund raising like Scott Ogur's abuse, giving people the right to sell at any price. For that, Scott Ogur made it to my #$#@5 list.

I'll go with $9 IFFFFF I can get my price. A BIG IFFF. That would bring me at 1,000 shares IFFF I get my 900 share ask. That's my only endorsement of a price point for these foggy waters.

I do like the fact that new mgmt. has spent an exhorbitant amount on an infrastructure that's over my head. That means they are serious about something.

And IFFFF I get my price, I'm going to match it with another 900 shares of KERN. And then I'll be done, and I'm going to get some popcorn, and just sit back and watch the show.

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