The 32% sell-off in the AH session was on the announcement of a financing deal without the pricing, which was released at 9:30pm ET (after the close of the AH session).
Even before tomorrow’s likely sell-off, the stock is down 95% from its 2014 IPO.
*Assuming exercise of underwriter’s option.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”