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hard to see why anyone would subscribe given the current SP and...

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Paddy0

1,363 Posts.

144

12/06/20

15:25

Post #: 45190447
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Originally posted by kasparhauser: ↑

The announcement sounds like the company is getting nervous. Probably because there is not a lot of buffer in their liquidity plan, so they really need the $9 MM retail portion that is not underwritten.

The underwriter will likely update them daily on the status of the offering. So the fact that they are panicking probably also means that they don't have received many retail commitments so far. The signaling of this announcement is terrible though. They are not well advised by Moelis/ FTI/ Hartley's etc.

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hard to see why anyone would subscribe given the current SP and seeming desperation from mgmt

DCG Price at posting: 5.4¢ Sentiment: None Disclosure: Held
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0 Great analysis

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