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.