InvestorsHub Logo

EvenTurdsHaveLegs

02/25/17 4:35 AM

#454 RE: obco #453

Secondary is filled, was offered at $2.25 and adjusted down to $1.05 due to naked short attack. The shorting entity will cover with the secondary offering share overhang. Secondary needed to close as it was the trigger to convert Sillerman debt in preffereds into common at $2.34. Expect a bounce at least to the spot over the next couple weeks.