Mar. 21 at 10:26 PM
$UCAR looks like isn't fully read the offer in the morning. I am in red and looks like I should have dumped this way sooner. There is cashless warrants that are double the original offering. So essentially any that bought the offering gets. 3 shares for every one they purchased. So
$0.148 was bottom day one.
$0.1028 day two.
$0.074 cents day 5. The only hope that all he warrants were exercised in the first two days. So any one that bought the offering gets. It is possible that all the PO buyers sold quickly to lock in 50% profits in one day. However we could see a spike as some may be holding until it drops on day 5 to
$0.074 Even if it does go up. Any warrants will likely sell around
$0.20 Monday am then it will cave back down
$0.15. And will run flat until Thursday when it will quickly tank down to 8-10 cents. This is the a bear case. It is possible all the warrants will all be used up sooner than later. At least the bearish ones... be sure to read these releases carefully.
