You said it yourself, shareholders will have a 3 for 1 option at 1.02. So where the incentive for new investors to buy in unless its at a bigger than usual discount to NAV?
For arguments sake, the NAV is $1 and it trades at a 10% discount at 90 cents. No dilution threat
Lets say the NAV then goes to $1.30, why would the discount remain at 10% given at 1.17 options are being exercised at 1.02?
Thus the NAV will need to be above 1.30 for a 1.17 share price because of the option made available to existing shareholders.
Like I said, this option will act as a headwind in the share price.
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Last
53.5¢ |
Change
-0.005(0.93%) |
Mkt cap ! $72.21M |
Open | High | Low | Value | Volume |
53.5¢ | 54.0¢ | 53.5¢ | $38.69K | 72.30K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 64000 | 53.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
54.0¢ | 56911 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 64000 | 0.535 |
2 | 49874 | 0.530 |
4 | 39767 | 0.525 |
4 | 72390 | 0.520 |
2 | 40049 | 0.515 |
Price($) | Vol. | No. |
---|---|---|
0.540 | 56911 | 2 |
0.545 | 70000 | 1 |
0.550 | 80473 | 2 |
0.560 | 175149 | 3 |
0.570 | 6000 | 1 |
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