New NASDAQ Low — On 10 Times Normal Volume; Closes At $2.65… No End In Sight.

Apparently, the markets didn’t take very kindly to Mattersight’s suggestion this afternoon, that it will be out soliciting investors (AGAIN!), at the Craig-Hallum conference on May 31, 2017.

I do realize that for 730,000 shares to change hands today — someone has to be buying those shares.

I simply note that the buyer(s) happen to be getting those shares at $0.35 per share less than what the private placement investors paid just several weeks ago — or an over 10 per cent hair cut off of the $3.00 price (which itself was a huge haircut off the $3.45 NASDAQ closing price on the day the deal was done, in February).

U G L Y.

Advertisements

2 thoughts on “New NASDAQ Low — On 10 Times Normal Volume; Closes At $2.65… No End In Sight.”

  1. Classic prisoner’s dilemma. You want to sell before the stock goes lower, but if all or too many sell, the stock goes lower. You know the stock is going lower because the company is missing targets and burning cash. You know the stock is going lower because the company has to give a discount to get new money.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s