I have watched this company for over a year now because I find their business interesting. But wow, this has to be the 5th time at least that I have seen them do this. Drive up the share price for a day or 2, and then do an offering. Happens every time.
What is always amazing to me is how the MMs/underwriters bring in the suckers to buy it when they know it is going to tank when the filing comes out. All I can really figure is they have their 'guys' buy low. In this case from $4 to $6 or so, and then when the daytraders rush in when they see the price and volume increase from these guys buying? The insiders who bought early then dump.
It really should be illegal.
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