May. 30 at 2:07 AM
$OCG in many ways this is bullish as it suggests an incoming pump, though whatever management does itll be very difficult to increase the value of the public float above
$75M, as will be required to even sell more than 1/3 of the public float in a 12 month period. Due to the Baby Shelf Rule and the amount sold ATM in January and February, they wouldnt be able to sell anything in this registration until next March, and even then, if share price is exactly the same, they could only sell about
$1M worth. What would even be the point? All this is to say, if they want to raise even the smallest amounts of money, through an offering or ATM (which will crater the market cap), they need to get to work with the cash they just raised. I welcome their efforts to pump the stock up.
