1. Someone working for PBCI was an idiot; 2. The SEC does not read most filings; and 3. Never say never*.
Nice detective work, although it doesn’t change the validity of the point in #msg-41814934. What investors like wallstarb sloppily call a secondary offering is properly called a follow-on offering (to distinguish it from an IPO).
*My favorite example of this is in #msg-10536647 :- )
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”
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.