TSTC I don't want to rush and follow the crowd on the S-3, because IMHO I have to take into account the following factors:
- The offering may not be made in the near future, despite the S-3 gives the company the opportunity to do so at any time.
- It does not mean that the offering is made entirely in shares or at the value of 150M. This is the maximum value but it doesn't mean that the company is going to dilute that amount.
- TSTC has 36% of inside ownership.
- I previously witnessed a sell off in these situations and in the following sessions the stocks recovered nicely (Ex: CAGC; CBEH)
- Why does TSTC want the cash for? To expand their business? To make a aquisition? I do not know, but I am not against dilutions that seek the expansion of a business.
Just my thoughts. I am going to hold TSTC.
take care.
Veggix
"In 1807, if you were smart you went to Paris. In 1907, if you were smart, you went to New York. And, in 2007, if you were smart you went to China." Jim Rogers