Another issue to consider are the ramifications of insiders selling into the US IPO. The comment about limiting the number of new shares being issued in order to not dilute shareholders is a bit cheeky given insiders unloading some of their exposure via what is effectively a secondary issue, never mind the whole SBC bonaza that will continue. It might explain some of today's pullback.
Also, it might just be a short term "sell the news" given the huge runup we've all experienced.
Overall the satellite opportunity for me is a big positive. Unshackling the tracking capability from celluar networks could lead to some meaningful industrial applications for their technology, in terms of both hardware and software.
Another issue to consider are the ramifications of insiders...
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$15.85 |
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| Open | High | Low | Value | Volume |
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| 3 | 4174 | $15.85 |
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| Price($) | Vol. | No. |
|---|---|---|
| $15.90 | 3649 | 2 |
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