Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
If you have any complaints about this morning’s placement by Summit Corporation (SUMM) then I am afraid you can’t have done your research properly. This is a company with an established track record of savagely discounted dilution and its CEO, Glynn Edwards, even told you it needed money, less than two weeks ago.
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