Good article on IPO process you guys should read. While I’m not sure how long after it applies but “ Stabilization activities can only be carried out for a short period of time – however, during this period of time, the underwriter has the freedom to trade and influence the price of the issue as prohibitions against price manipulation are suspended.” Not sure if this applies to uplisting offerings as well but something to note.
I’m really not worried, they priced this thing pretty fairly I don’t see us falling much lol I added last week, didn’t have cash today but cudo’s to anyone that did. A couple years ago a trader said something on lines of “stocks have tendencies to go down right before they go up.” and it’s been engraved in my mind since. We see it all time, earnings will come out decent, restless holders don’t get the pop they want right away so they sell. One week later it’s up 10-15% (or the move was priced in the weeks leading up and that’s all she gave on the run up) but usually there tends to be a shake out before things move higher, it’s just how it is half the time.
Thompson’s salary incentives tell me he thinks we’ll see movement sometime. Just the same waiting game til then...Skypersonic closing should lead us closer to DroneBox release as I’m sure the data analytics would only help General Motors and Aramco’s inspection fleet.
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