$CETX it was in dollars 13.5 mil. I got the date wrong though so important to read the rest below. it was a killer deal they even offered 10% on the bought price of 10$ per share.. so stock up or down doesn't matter you get a straight up buck a share.. PLUS the 2 to 1 warrants..
$CETX if you will notice the gap happened almost to the day of the offering so looks like a little insider action happened a couple days before. offering was announced on December 27th a Thursday then news dropped on the offering and shares rocketed right up to warranat prices closing at 6.40 on the 27th.
retail sees the momo, runs the stock up to near 9 bucks so im sure warrant conversion is part of the dive down including today.
do take note though.. after tanking to 6.08 the stock already traded back above the offering price.
looks like a good stock all around though. trading at about 12X earnings with that kind of growth is very bullish.
might get a bit of warrant pinning the stock for a while but not a big deal. worst case scenario it fills the 5$ gap.
im going to watch this stock for another offering. if they do that again with those terms or even close im all over it.
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