Only a billion shares added to the float via convertibles. Never would I recommend Zombie stocks! Stoney, the call volume on app mirror ticker (PANS) $11-$13.5 were wild yesterday. Been in it since their miserable earnings.
Hey. I'm being serious now lol. This is an interesting one Stoney. You sent me down the rabbit-hole. The verdict is out for now. They did the secondary and raised $32M after fees, but the quarter they just reported, they lost $11M. I'm gonna assume Riley has done their DD, they exercised their option to buy the additional shares, so maybe this company has some big orders in the works. Now if we see riley dumping those shares.... huge red flag, but for now.... this is a new GBA "lets keep an eye on it" type stock. These can move fast on news. Small float, and you know I like Riley. They're not stupid. >>>>Good find Stoney.
"single-crystal bulk acoustic wave technology" Can we expect a lecture from Stoney later explaining what this is in 100 words or less?
Stoney why are refineries getting hammered after big beats? MPC, VLO and PBF? I bought more year near the lows. $118, $128 and $38.
I agree with Jim! Edited: He laughed about BBBY now! AI, “How to lose money as quick as possible!” JC.
Biden's gonna raise hell tonight in his State of the Onion address about insane profits and share buybacks. Did I read Bed Bath and Beyond got a billion dollar injection from someone? That might have been something else. (?) Your girl Karen F. was funny last night... she was hammering them. I like her a lot. She's cool.
Only a billion shares added to the float via convertibles In a conventional convertible security financing, the conversion formula is generally fixed - meaning that the convertible security converts into common stock based on a fixed price. The convertible security financing arrangements might also include caps or other provisions to limit dilution