Q: Hello Peter, and Ryan,
I would appreciate some guidance. EMH on Jan 3rd has been trading at $8 or so but they just announced a secondary offering $15M with a common share of $5 and a warrant at $6. I have seen this on other stocks and the value of the stock dips to the offering level but emh continues surging. Is this because of the hype or am i missing something? Much appreciated.
https://globenewswire.com/news-release/2018/01/03/1281528/0/en/Emerald-Health-Announces-15-Million-Prospectus-Sale-Concurrent-Secondary-Sale.html
I would appreciate some guidance. EMH on Jan 3rd has been trading at $8 or so but they just announced a secondary offering $15M with a common share of $5 and a warrant at $6. I have seen this on other stocks and the value of the stock dips to the offering level but emh continues surging. Is this because of the hype or am i missing something? Much appreciated.
https://globenewswire.com/news-release/2018/01/03/1281528/0/en/Emerald-Health-Announces-15-Million-Prospectus-Sale-Concurrent-Secondary-Sale.html