Protalix's sale of 10 mln shares priced at $5/shr

Discussion in 'Stocks' started by tradingmonkey, Oct 24, 2007.

  1. trading at $6.00 pre market
  2. Halted now.
  3. Toonces


    I saw this yesterday. How can a $30+ stock have a $5 secondary?
  4. They must have REALLY needed some cash...this is the most unbeilivable thing I have ever seen
  5. Im long here....cant imagine it can get much worse :)
  6. Toonces


    So if you owned this stock yesterday, you're now down 80%? Do I understand this correctly? There may be a few lawsuits...
  7. Correct, and yes there will definitely be lawsuits