If you can believe management. I think management credibility has taken a massive hit. This is a 30% dilution for common stock shareholders and a sweet deal for a few institutional investors. Hard to know what logic is driving such a massive discount cap raise it but wouldn't be surprised if investors raise questions through legal avenues.
Ann: Trading Update and Capital Raising Presentation, page-28
-
- There are more pages in this discussion • 37 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)