One could also ask is why did the stock crash from $2.65 early yesterday to $1.15 today? Why wasn’t it sustained? Who bought only to turn around and sell? As for trading just above $1.10 prior to the closing of the offering...who knows...as I pointed out the stock traded at $7.50 AFTER the $3.13 offering price was announced...right up until the offering closed....and it tanked.
And I still find it humorous that anything above $2 now is considered wildly successful for the stock...boy, how the times and expectations have changed since the “valuation” nonsense during the original offering hype.
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