great deal for institute buyers, but terrible for exisiting holders
Especially those that bought before the GFC. They would have gotten in at price of above $40 per share. Now they're getting $1.50 back for something that they fork out more than $40, five years ago.
I don't expect the share price to ever reach $40 again. But $5 - $7 is a possibility, given the current economic environment in Japan.
Current holders should demand more than $1.50 per share
The stock have already lost more than 95% value, going to NIL won't lose them much more.
GJT Price at posting:
$1.45 Sentiment: Hold Disclosure: Held
