DOMO Capital Management, LLC on X
I just met with $ALTO management. In regards to the ATM - apparently there were some rumors in the market regarding the mixed shelf they recently renewed where people were concerned they would dilute shareholders by $150M or something. The ATM puts that to bed and increases their ability to negotiate on future projects from a position of strength. Shareholders certainly shouldn't be expecting that $ALTO is going out this week and raising $50M. In-fact, they even posed the question, "Look, if we were going to raise $50M in the next week or two, would we be aggressively paying down our debt?" Answer seems pretty obvious........ Market is vastly overreacting here - great opportunity.
