In my opinion, CEO must be investigated:
- CEO came up with a capital raise at 50% discount to the market price, which I personally cannot comprehend, there might be alterior motives.
- APX shares were shorted heavily before the capital raise. I don't think anyone would have the confidence to do that unless they be given a greenlight.
I’m not making any judgments or accusations, but I have my suspicions and I think an investigation is needed for the sake of retail shareholders.
An Imaginary scenario: Imagine CEO in bed with the shorters. Shorters get a greenlight to short the stock from $2 knowing that CEO will soon come up with a shameless 55cent capital raise, which will guarantee them a nice profit of 100million dollars and bring immense pain to the shareholders.
I think the two recent capital raises, and the behavior of the shorters prior to the two raises must be investigated.
IMO
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In my opinion, CEO must be investigated:CEO came up with a...
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 112734 | 50.5¢ |
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Price($) | Vol. | No. |
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51.0¢ | 4880 | 2 |
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No. | Vol. | Price($) |
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1 | 112734 | 0.505 |
11 | 152189 | 0.500 |
10 | 284205 | 0.495 |
4 | 298414 | 0.490 |
8 | 116622 | 0.485 |
Price($) | Vol. | No. |
---|---|---|
0.510 | 4880 | 2 |
0.515 | 104382 | 5 |
0.520 | 73745 | 5 |
0.525 | 40526 | 4 |
0.530 | 24379 | 6 |
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