中文翻译
这就是自动再融资(ATM)的运作方式。股价下跌是因为散户投资者意识到，这家公司刚刚通过向散户发行相当于市值65%的股票来出售，导致他们的持仓价值被稀释殆尽，从而提前反应了这3亿美元(ATM)的发行。甚至去年董事会还投票决定增发并出售24%的流通盘作为“奖金”。这仅仅是对散户而言有毒的融资结构的警告。
· 个股论点
警告有毒融资结构，ATM增发稀释散户价值。
英文原文
This is how ATMs work. The drop was anticipation of the $300m ATM from retail investors realizing that their value got wiped out from the company that just printed 65% of the marketcap to sell on them. Even last year board voted for 24% of float to be printed -> sold as a bonus. This is just a warning about the toxic financing structure for retail.