Pinned straw:
Strawman
Hmmm...an opportunity to buy shares with no brokerage or transaction costs you say?
Only a 22% premium to the last traded price!
At least they got the insto raise locked away. But I wouldn't count on much success with the SPP
topowl
Quick question for the more experienced hands....
Am not making any allegations or anything, just curious if anyone believes management on occasion actually stack the buy side using bots/traders or whatever to try and keep the stock price above offered cap raise prices ?
Just asking.....not necessarily about Pointerra. Guess I'm looking for an 'inside baseball' take on this.
Have seen some strange stuff on the buy side of depth charts and also orders that seem to come out of nowhere to bring the price back up when I've sold out of a few positions with different companies. Feels like an invisible hand is on the scale....lol
Not really at the top of my list of concerns or anything, just hopefully focusing on the right long term stuff.
Solvetheriddle
wow reading the annoucement looks like Veritas is being paid 6% for managing a non- underwritten issue. i had to read that a couple of times
looks high, and is not underwritten yikes
topowl
Yep the failed pump by management and following cap raise are screaming at me to sell my position and see what happens from the safety of the bleachers.
I’m thinking the probability is this will be back at 8c pretty soon.
Given managements track record, the modest size of the cap raise doesn’t indicate anything imo and could simply be more fun and games.
Am sure if they come good there will be a chance to get back in.
No extra points for level of difficulty.
Strawman
It's not necessarily the need for more capital that irks me. It's not that there hasn't been some genuine business progress over the years.
It's the way management are treating shareholders.
The once much touted ACV metric has been completely abandoned. Assurances of self-funded growth were clearly unrealistic. Blatant attempts to pump the share price just prior to a raise..
Shares are now a 3.5% of my portfolio, and I'm not sure I'm even comfortable with that tbh.
I really do think they have a good product and exciting opportunity. But once you lose faith in management it's hard to justify much exposure.
I may sell down some more. Certainly not applying for more through the SPP.
