$Cyngn (CYN.US)$ Can someone please elaborate on what the Fo...
Can someone please elaborate on what the Form S-1 means ,pls Thanks
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Jaguar8 : S1 is a public offering of common shares
Trytosaveabit : So if your not sure why it causes a drop! It dilution of shares! Simple example: Take a large pizza and cut it into 4! You have 4 happy people! But now you cut it into 40 pieces! Now no one is happy! The offering introduces ( in this case ) 50 million new shares! So it dilutes the cost of all the existing shares! Hope this helps? GL
Jaguar8 Trytosaveabit: I love the pizza example! Haha
Trytosaveabit Jaguar8: It’s the easiest way to explain why the drop happens so newer traders can understand better! Hehehe thanks brother
Sean Parker Trytosaveabit: So what you're saying is I made a horrible buy.. had to happend right when i bought in too.
Trytosaveabit Sean Parker: Yes and knew! Bottom is a chance to average down or a buy opportunity for those not in! Yesterday when it crashed! I scalped 33% when it went back up! Hehehe! Im looking to see where bottom may be again? GL
JenJennOP Trytosaveabit: Thank you for the example
Trytosaveabit JenJennOP: You’re very welcome! Im glad that I was able to help if only a bit! GL and big profits to ya