pq. I don't disagree with your comments, however SEA management have taken us as chumps. They slip this in on the Friday before Christmas, hoping no one was watching.
$150mil to $180mil IPO, maximum 200mil shares issued.
Assume $180mil at 200mil shares issued = $0.90
But what if the US punters are not as keen and only stump up $150mil at maximum 200mil issue = $0.75
Ok $0.75 is extreme, but they have self created uncertainty as to what the IPO price will be.
Management deserves B minus, as we here in OZ will cop the dilution and US punters might actually get a stag profit out of all this.
SEA Price at posting:
96.0¢ Sentiment: LT Buy Disclosure: Held
