They can just do a secondary offering at whim...
Post# of 153887
(Total Views: 596)
Posted On: 02/15/2021 1:56:51 AM
Quote:
They can just do a secondary offering at whim...
Nope, they can't, at least not without messing with the Fife $10 share price.
However, once we are above $10, they can, as you say, "just do a secondary offering at whim."
By the way, I agree with you there is no NASDAQ quiet period, as usually a company just PRs that in two or three days we uplist to NASDAQ and at the same time PR whatever else they need to get there.
But, you can't just make an offering, IPO or SPO or otherwise, and make bold share price predictions, regardless of whether they are realistic or not.
Can you think of any imminent upcoming event related to the company that might cause the share price to go above $10?
If they still need a small offering to get NASDAQ's blessing, there is every reason to remain quiet right now.
Whether there is another reason at this time to stay quiet, and there may be, is beside the point.
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