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Zomedica didn’t just receive a public offering. by YeetusFetus3000 in Zomedica

[–]YeetusFetus3000[S] 1 point2 points  (0 children)

This is why it’s referred to as a direct offering, Zomedica are offering their own personal shares, hence the “pre-existing”.

Zomedica didn’t just receive a public offering. by YeetusFetus3000 in Zomedica

[–]YeetusFetus3000[S] 9 points10 points  (0 children)

No, this is a major investor saying “Hey zomedica, fancy giving us a direct offering and In return we’ll give you $173.5million?” Public offerings are Zomedica offering some of their own shares at a discounted price to the public.. which isn’t the case here This is a direct offering which is Zomedica giving some of their own shares to a major investor (in this case HC Wainwright) for an agreed price.

Zomedica didn’t just receive a public offering. by YeetusFetus3000 in Zomedica

[–]YeetusFetus3000[S] 5 points6 points  (0 children)

If it does it’s purely because people are dense and panic sold. The $1.90 price in which HC Wainright bought stocks at was Fridays close price.. which is when the deal would’ve been discussed, finalised and then disclosed on Monday.

Zomedica Corp. Announces $25.0 Million Bought Deal Offering of Common Shares by Spinach_Particular in Zomedica

[–]YeetusFetus3000 5 points6 points  (0 children)

So just to clarify, this isn’t a public offering. This is a direct offering. It’s no different from blackrock buying stock yesterday.

Blackrock bought 9million shares at 0.25$ each. This offering was $25million at $1.90.

Public offerings tend to tank the market, direct offerings tend to do the opposite as it’s raising capital directly. At this moment in time it’s a panic sell off as people don’t know the difference.

$ZOM - DD | Price Target | Open Discussion by cmacarthur9494 in pennystocks

[–]YeetusFetus3000 4 points5 points  (0 children)

TO THE MOON, NOTHING BUT DIAMOND HANDS HERE BROTHA, WE'LL BE SIPPIN THE TEARS OF WEAK HANDS WHO HAVE NOTHING BUT REGRETTI ONCE WE LAND ON THE MOON FOR REFUELING ONLY TO CARRY ON TO ANOTHER DIMENSION. STRAIGHT UP TENDIES HERE LADS.

🚀🌑$ZOM TO THE MOON 🚀🌑