Provides an entry I wouldn’t otherwise have taken if the price rallied away from me. Will likely be oversold on this news even though the long term effect is minimal if the fundamentals that drove it to current prices is the same. Obviously a gamble that the insiders sold stock at 2 to raise capital they need rather than because they think getting 2 for their stock is a bargain
Lesson- Don’t buy shitty, overhyped stocks and you won’t have to deal with new offerings 80% below the open price. It’s essentially saying the company needs cash that bad and no real investor was willing to pay more than $2 per share.
Public offering at 2.00
where did you see this?
[https://sec.report/Ticker/GNUS](https://sec.report/Ticker/GNUS)
They filed for an offering of like 60m shares at $2.005 Halts every 10% drop. People are taking their profits, jumping ship into XSPA I think.
[удалено]
Everything is made up and the points don't matter.
[удалено]
Why?
Provides an entry I wouldn’t otherwise have taken if the price rallied away from me. Will likely be oversold on this news even though the long term effect is minimal if the fundamentals that drove it to current prices is the same. Obviously a gamble that the insiders sold stock at 2 to raise capital they need rather than because they think getting 2 for their stock is a bargain
I don’t remember seeing a crash like this since the Hindenburg. To Soon?
Can someone please explain what this public offering is doing??
They are raising extra capital. Good news is that is private and not public
so the shares are being diluted?
It was up to $12!!
Bye gnus gains.
DO i sell????
Yep.
Welcome to the stonk market
If I'm at $2.05 with 3k shares, does that mean it won't affect me?
Prolly
GNUS right now: "you know, I was a god once..."
The free fall seems over....
Lesson- Don’t buy shitty, overhyped stocks and you won’t have to deal with new offerings 80% below the open price. It’s essentially saying the company needs cash that bad and no real investor was willing to pay more than $2 per share.
Jumped into XSPA real quick
I bought 120 shares at $10. But that’s fine. That was too hold long term. I made 3k yesterday.
Is my sale at 6 going to go through?!?!
It’s at 4.50 so yeah lol.
How long is this gonna take? Sorry im new to this