To get quick cash from the public leads to a forced price decrease for the stock. This scenario just happened to Society Pass (SOPA) shares that were trading at $4.68 yesterday, Today in the premarket it is falling to $3.13 per share. So why is it happening now?
Yesterday the company has announced offering 3,030,300 shares of common stock with a price of $3.30 per unit. The software creating corporation has artificially pulled down its stock’s market price. The situation is worsening the stock by decreasing to $3.17 per unit. Maybe soon this nightmare will be over after several whales jump into the SOPA bandwagon. The software developing firms are still recognized as feasible investment opportunities, so a possible rise may probably happen this year.