Re: Farmas USA
estaba leyendo a un usano al que si que leo con interes en Yahoo Board, su nick es zincfingers
"Stock market 101: "we do not NEED to do financing" does not equate with "we WILL not do financing"
Smart companies do secondaries when they don't need to and, as a direct result, get much better prices and hence much less dilution. Dumb companies wait til they have to and are under the financial gun and consequently get poor prices and high dilution.
NO CEO ever indicates that he plans to do a secondary. If one did, the SP would immediately drop to compensate for dilution and the price received would be a lot lower and the dilution a lot higher. Companies keep "shelf registrations" active at all times in order that they could do a secondary on short notice when the need arises WITHOUT any preliminary registrations being necessary that would warn the market of an impending secondary.
Never base your expectations of a secondary or the lack thereof on what a CEO says. They will never indicate that one is forthcoming and because they never do, that lack of warning means absolutely nothing.
That's just the reality of how it works. "
