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ErnieBilco

04/10/24 9:34 AM

#54391 RE: benchman #54389

I often see smackdowns on offerings, anywhere from 30 to 50% - I think its because you have to account for the warrants they are giving away as an inducement to get the shares sold. They generally recover in days or weeks.

This one obviously is one of the 50% droppers.

JMO