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Message
re: ZOM making a nice run
Posted on 2/9/21 at 7:16 am to Buck_Rogers
Posted on 2/9/21 at 7:16 am to Buck_Rogers
quote:
Well, he has said numerous times that he is only telling you his plays. He does not give advice, not like answering questions. He posts his plans for the stock, what he thinks they will do and leaves it up to the readers to do their own research before investing. If some people don't get this, then I get why he thinks they're dumb.
I completely agree, but at the same time, there are a lot of new investors not just flooding the board but the market in general. It's absolutely not AT's job to baby everyone here but it's also not going to stop when every new investor chimes in and says "Is X still a good buy? Should I put my 500 dollars in it now or am I too late?"
0
Posted on 2/9/21 at 7:26 am to Buck_Rogers
quote:
Well, he has said numerous times that he is only telling you his plays. He does not give advice, nor like answering questions. He posts his plans for the stock, what he thinks they will do and leaves it up to the readers to do their own research before investing. If some people don't get this, then I get why he thinks they're dumb.
And then he turns around and asks everyone how they did with his picks.
He’s not dumb. He knows what he’s doing and how his picks are being used.
Posted on 2/9/21 at 7:27 am to Fox McCloud
Wow, ZOM bumped up the offering from 13 million shares to 90 million!
Zomedica Prices Increased Public Offering at $1.90 a Share
BY Dow Jones & Company, Inc.
— 6:27 AM ET 02/09/2021
Zomedica Corp. (ZOM) said that due to demand, the underwriter of its previously announced public offering has agreed to increase the size of the offering and purchase 91.3 million common shares at $1.90 a share.
The closing of the offering is expected to occur on or about Thursday. H.C. Wainwright & Co. is acting as the sole book-running manager for the offering.
Zomedica (ZOM) has granted to the underwriter a 30-day option to purchase up to 13.7 million additional common shares at the public offering price.
The proceeds are expected to be $173.5 million, the company said.
Zomedica Prices Increased Public Offering at $1.90 a Share
BY Dow Jones & Company, Inc.
— 6:27 AM ET 02/09/2021
Zomedica Corp. (ZOM) said that due to demand, the underwriter of its previously announced public offering has agreed to increase the size of the offering and purchase 91.3 million common shares at $1.90 a share.
The closing of the offering is expected to occur on or about Thursday. H.C. Wainwright & Co. is acting as the sole book-running manager for the offering.
Zomedica (ZOM) has granted to the underwriter a 30-day option to purchase up to 13.7 million additional common shares at the public offering price.
The proceeds are expected to be $173.5 million, the company said.
Posted on 2/9/21 at 7:31 am to Panny Crickets
quote:
We effing know.
Most don’t, but it’s no one’s responsibility here to fix that.
Posted on 2/9/21 at 7:31 am to xxTIMMYxx
As I said yesterday, they have a shelf out there - it is not more than pushing a button to rev up the shares at this price.
Posted on 2/9/21 at 7:32 am to igoringa
Damn I shoulda sold yesterday
Posted on 2/9/21 at 7:33 am to xxTIMMYxx
I'd have to imagine someone wanting to buy 90 million shares is a good thing, not a bad thing. Or this different and actually a regular public offering
This post was edited on 2/9/21 at 7:35 am
Posted on 2/9/21 at 7:33 am to igoringa
What does that mean? The price is going up?
Posted on 2/9/21 at 7:34 am to igoringa
How does this effect $ZOM longterm though? I'd imagine it's good for them to raise capital at present, correct?
Posted on 2/9/21 at 7:35 am to rocksteady
quote:
I'd have to imagine someone wanting to buy 90 million shares is a good thing, not a bad thing. Or this different and actually a regular public offering
Long term, yes. Short term, wouldn't be surprised to see some frantic selling.
Posted on 2/9/21 at 7:35 am to meeple
Not the place or thread for these types of questions. Consult Google
Posted on 2/9/21 at 7:36 am to MrJimBeam
It’s already down -20% premarket. We are already seeing the sell off
Posted on 2/9/21 at 7:38 am to Fox McCloud
Fantastic buying opportunity.
Posted on 2/9/21 at 7:38 am to Fox McCloud
Just going to buy and hold on for the long haul
Posted on 2/9/21 at 7:40 am to Fox McCloud
The low dollar offering dilutes the price, temporarily. (Selling 90 million at below current price offering naturally lowers the price.) Presumably, once it bases out, it will come back up. At least that is my understanding. Short term drop.
This post was edited on 2/9/21 at 7:42 am
Posted on 2/9/21 at 7:41 am to rocksteady
quote:
I'd have to imagine someone wanting to buy 90 million shares is a good thing, not a bad thing
That 'someone' is the general public - not a third party. An underwriting arranges it, but those shares hit the market.
It is an extremely smart move by management.
Posted on 2/9/21 at 7:43 am to rumproast
Yep I highly doubt you’ll see this drop to the direct offering price. I expect this to rebound very quickly and return to 2.70plus.
Posted on 2/9/21 at 7:44 am to rocksteady
quote:
I'd have to imagine someone wanting to buy 90 million shares is a good thing, not a bad thing. Or this different and actually a regular public offering
It’s a sign of management stoking while the iron is hot. Does that mean they think the stock has topped out for a while or do they need the capital immediately? Only time will tell.
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