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larrybaz

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larrybaz

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Re: michael t post# 92408

Tuesday, 11/09/2021 8:05:40 AM

Tuesday, November 09, 2021 8:05:40 AM

Post# of 114752
NAKD - Funny thing is they already have 906M shares outstanding. Perfect opportunity to sell many more shares through the ATM offering they just put in place in conjunction with the merger. The volume should be huge today. From the 8-K issued yesterday:

"In addition, NBG has entered into definitive agreements for (i) an “at-the-market” offering, through Maxim Group, LLC (“Maxim”), of up to US$300 million of NBG ordinary shares (the “ATM Offering”) and (ii) a private placement to certain accredited investors of US$30 million of NBG ordinary shares and warrants to purchase NBG ordinary shares (the “Private Placement”)."

I have seen lots of $1 stocks with strong earnings and solid balance sheets triple, quadruple and more, but I have yet to see one go below zero.

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