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

http://www.reuters.com/article/mergersNews/idUSWNAS809720071024

 

trading at $6.00 pre market

 

Halted now.

 

I saw this yesterday. How can a $30+ stock have a $5 secondary?

 

They must have REALLY needed some cash...this is the most unbeilivable thing I have ever seen

 

Im long here....cant imagine it can get much worse

 

So if you owned this stock yesterday, you're now down 80%? Do I understand this correctly? There may be a few lawsuits...

 

Correct, and yes there will definitely be lawsuits