Jan. 27 at 10:28 PM
$ACHV
If the stock dropped nearly 20% over two days just on an S-3 filing, imagine the crash if they actually announce a dilutive offering.
Honestly, wouldn't it have been better to just execute the offering in the
$6 range? It seems incredibly stupid to let the stock tank 20% on baseless fear alone. At least if they had raised the funds then, the disappointment would have been justified by the cash secured.
I sold half my position before going to bed last night, and I’m very happy with that decision. I had a feeling management wouldn't respond to the panic. Sometimes it's wise to step aside and wait out the storm. I plan to increase my share count in the low
$4 range.