When the NASDAQ OTC markets opened trading this morning, Mattersight’s SEC Form S-3 resale registration statement was effective. It actually was declared effective by the SEC, after the markets closed on Wednesday night. So today’s higher volume is likely at least some of those shares, finding new homes.
And the steady down-beat, in MATR’s per share pricing, is likely at least in part the excess supply such an event unleashes on an otherwise rather thinly traded stock.
But to be sure, most of the recent action is likely market dread, over Q1 2017’s impending per share GAAP losses from operations. I’m guessing like $0.20 per share — and it is really just a guess. But I do think that Lake Street’s ($0.15) of GAAP losses is likely far too optimistic.
We will know in about ten days.