I've been looking at comments on NAKD in Stocktwits and it's pretty clear to me that most of those Robinhood, et al type, buyers shouldn't be risking their money without a lot more thinking. They seem completely oblivious to the relationship of the near 30 million share offering that is priced at $1.70 to current price levels and future levels. I have the feeling that the majority are unaware of its existence and that a significant number have no idea what it is.
That can be disastrous on a number of levels.
Well, there's a reason they call it gambling. Came up craps today on nakd.