sale of additional 3.1 million shares is cancelled at this time due to present market conditions.this should underscore the fact that absc didn't absolutely need the extra cash at this time but was just taking advantage of a favorable market price.this should alleviate the concerns about the fiscal condition of the co. and help move the price in the right direction again. today is a good start so far.dr m
Yes, and I think it also indicates that management is not willing to dilute the shares outstanding in a market where demand might (temporarily) be weak. This is a good sign that the company is not only solvent and not in dire need of money and that management is mindful of shareholder value.Long on ABSC.
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