The pre- trading halt price would have included a significant (and very real, at the time) discount for the risk of total equity wipe out.
Removing this distress, (assuming refi goes through) should logically (IMO) result in a price increase multiples of the last traded $0.28 price.
It was like a mispriced option in the $0.20 range. Scathing I didn't buy a small position (although there could still be a curve ball with the refi!)
Ann: Refinancing Update and delay to Appendix 4E, page-5
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Last
51.5¢ |
Change
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Mkt cap ! $73.89M | |||
| Open | High | Low | Value | Volume |
| 52.0¢ | 52.0¢ | 51.5¢ | $43.86K | 84.68K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14706 | 51.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 53.0¢ | 315364 | 2 |
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