There has been a lot of talk about the going after naked shorts at the same time doing a capital raise. I can see both sides. My initial reaction that day was WTF? How stupid!!! Then I calmed down and inserted some common sense.
I'll give you my two cents on 4 points...
1. ) I suspect the raise had been planned for at least a month. To think VERB picked up the phone on that Monday and said, "hey Aegis, dial me up on let's say $7.2M. Do it stat please." would be naïve.
Could it have been stopped? Could it have been postponed. Could it have been rescheduled? I don't know as I'm not an insider or an armchair QB. Common sense would tell me, that if VERB could have pushed it off another day or two, at a higher sp, they would have.
2.) If the raise couldn't have been postponed then should have VERB skipped going after naked shorts and lost any momentum around that? I say no, you go forward with that too.
3.) Not everything lines up in life nor goes perfect. You had the 'raise' train meet the 'naked short' train arriving at the station at the same time. So what is really the issue many are upset about. Oh yeah, the sp was running that day like some of the other companies that announced going after naked shorts. Had VERB waited, some speculate that the sp could have been $1, $2, $10.
Maybe, but exactly for how long? Did everyone notice now all the stocks that announced their intent to go after shorts, actually went way up? Some stocks that go up really fast, typically go back down really fast. Why? Is it because traders don't hold stocks that long?
While it was great VERB went above $0.50 quickly and many including myself were giddy, how long was that going to last? I guess we'll never know, but if history is any indication with many stocks, not long.
I'd like to see a methodical approach to increasing shareholder value and in return the share price. That would be sustainable. Maybe I'm alone in my view and that's OK too. I believe VERB has the same view though.
4.) So much for the people that said VERB made the illegal short announcement and isn't going to do squat about it. Seems those people are 1000% wrong. Will they admit it? Of course not.
I'll give you my two cents on 4 points...
1. ) I suspect the raise had been planned for at least a month. To think VERB picked up the phone on that Monday and said, "hey Aegis, dial me up on let's say $7.2M. Do it stat please." would be naïve.
Could it have been stopped? Could it have been postponed. Could it have been rescheduled? I don't know as I'm not an insider or an armchair QB. Common sense would tell me, that if VERB could have pushed it off another day or two, at a higher sp, they would have.
2.) If the raise couldn't have been postponed then should have VERB skipped going after naked shorts and lost any momentum around that? I say no, you go forward with that too.
3.) Not everything lines up in life nor goes perfect. You had the 'raise' train meet the 'naked short' train arriving at the station at the same time. So what is really the issue many are upset about. Oh yeah, the sp was running that day like some of the other companies that announced going after naked shorts. Had VERB waited, some speculate that the sp could have been $1, $2, $10.
Maybe, but exactly for how long? Did everyone notice now all the stocks that announced their intent to go after shorts, actually went way up? Some stocks that go up really fast, typically go back down really fast. Why? Is it because traders don't hold stocks that long?
While it was great VERB went above $0.50 quickly and many including myself were giddy, how long was that going to last? I guess we'll never know, but if history is any indication with many stocks, not long.
I'd like to see a methodical approach to increasing shareholder value and in return the share price. That would be sustainable. Maybe I'm alone in my view and that's OK too. I believe VERB has the same view though.
4.) So much for the people that said VERB made the illegal short announcement and isn't going to do squat about it. Seems those people are 1000% wrong. Will they admit it? Of course not.
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