disagree writer
no need to take $50m at the 85 cents mark for cash requirements out 18 months. Take 10 to 15m now and the rest next year at a much higher price. Less dilutive to all long term holders who have stood by the company.
can't think of many other companies who would dilute long term holders down with a large raising at a discount of over 50% to market (if rumours over the last few days prove correct)
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$5.84 |
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2 | 1699 | 5.810 |
3 | 730 | 5.800 |
2 | 6941 | 5.790 |
Price($) | Vol. | No. |
---|---|---|
5.850 | 49 | 4 |
5.860 | 226 | 4 |
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