Dec. 5 at 3:08 PM
$FOSL Something does not add up. The company had to file a BK restructuring in the UK to refi its notes and get another
$32M to avoid running out of cash in 2026. Then it filed a
$150M shelf offering and
$50M ATM equity offering the same day as a terrible ER showing contracting gross margin and escalating SG&A. Someone know there was going to be a bunch of insider purchases and was buying shares on the sell off the date of the ER release. Now insiders are staggering their purchases to drive the share price higher. This is a very peculiar situation.
