So the offering, which only increases the outstanding shares by a measly 2%, is at $875. The stock already fell that low today and will probably go there in the pre-market tomorrow morning as well. [Smart][Smart][Smart]
Just get it done and in no time it will be behind us and we can continue the uptrend which will be driven by soaring revenues in upcoming earnings reports. $SUPER MICRO COMPUTER INC(SMCI)$
The money is needed and its a good thing, obviously shorts spin it as a disaster, is a measly 2% increase to the float a disaster?
Therefore, the 2 million offering is good for the company, driving the price up![Cool][Cool][Cool]
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- tonylim·03-21yes indeed. small dilution. the roe is close to 30LikeReport