I still don't understand how dilution alone would drive the stock below $1. For example, during the last capital raise at 80c, the stock only dipped to 78c at its lowest.
Now, people are suggesting the stock could drop to 80c, which is a 30% decrease from the $1.15 that institutional investors are committing to. If the price were to fall to 80c or even $1, wouldn’t it make more sense for them to wait and buy on the open market instead?
That’s the part I’m struggling to understand.
I still don't understand how dilution alone would drive the...
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Last
$1.39 |
Change
0.000(0.00%) |
Mkt cap ! $1.059B | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 666 | $1.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.19 | 10000 | 1 |
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