Apr. 30 at 8:25 PM
$LUCD I have a hunch:
1) Deal closed last Fri, investor at 15M shares is over 5%, they need to file within 5 business days (tomorrow).
2) I suspect they haven't filed because they are patiently buying on the open market at these bargain basement prices that THEY CREATED. I checked, there is no standstill.
3) Tomorrow, I think we will start to see the price appreciate as they are running out of time to complete their position before the filing deadline (buying gets more urgent).
4) After close tomorrow, we see a schedule 13G disclosing their full position, the 15M from the offering and whatever they bought this week.
If I'm right about this, it's really a brilliant move by this investor. The terms of the deal enabled them to get a huge block of 15M shares at a 23% discount to market, plus a full week of additional open market buys, still at a heavily discounted price.
I'm glad we have smart investors but also...COME ON MAN. Stop diluting my position!
