I own some KSHB and the stock fell today because of the news below.
Can someone help me understand what this mean?
The company needed to raise money so they issued a bunch more stock at a cheap price, causing the current stock value to fall?
Not sure how I've avoided this in my investing history so far. Maybe because this is a small company?
Also, I assume if I am still bullish on the stock, I should buy more now that the price dropped?
•The company has agreed to the sale of 7.5M shares of common stock and 3.75M warrants at a combined offering price of $4.80 per share. The warrants are struck at $5.28. •Gross proceeds are about $36M. •Source: Press Release •OTCQB:KSHB -19.25% to $5.41
Submitted June 08, 2018 at 01:14PM by Pleather_Boots https://ift.tt/2LzikMF
