I don’t think it’s the placement hurting the stock. That was a net positive as they raised funds, introduced new shareholders and added more liquidity given how tight the register is. The stock is just drifting as they haven’t provided a compelling case - with $ numbers - to bid the stock up. Tranche 2 of the placement is in early Jan too.
They’re unlikely to comment on targets but I think they will focus on repairs and roadside as that industry has low concentration allowing targets to be rolled up and is the best performer in terms of growth per the last investor presentation
RPM Price at posting:
18.5¢ Sentiment: None Disclosure: Held
