nomads - what exactly do you see wrong with the pricing?
pre raisings the market was valuing Kagara's assets at approx $487m (using your figures, $295m + $192m debt)
after raising the market is valuing Kagara's assets at approx $437m
a 10% or so drop in overall market cap is not unreasonable given the dilution which would have taken place
market money magic, page-3
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