May. 12 at 3:23 PM
$DGNX The S-4 will be out soon…
Smart Money does not care about foolishness, but fundamentals —
the S-4 will clarify that Resulticks' revenue is real, because the SPA required accountants and lawyers to verify the income before the deal advanced.
Dilution? People are concerned about dumping of shares..
The share-unlock schedule in the S-4 should also show that dilution is staggered over 6-24 months, preventing any mass dumping of shares at once.
ATM?
The
$175M ATM isn't new and hasn't been used during this volatility; it's simply an old financing tool that doesn't affect the current price action.
Once the S-4 is filed, the market finally gets clarity on revenue, lockups, and timing, which removes the uncertainty driving the panic.