InvestorsHub Logo

cgw

Followers 4
Posts 42
Boards Moderated 0
Alias Born 09/17/2013

cgw

Re: None

Wednesday, 12/30/2015 3:16:57 PM

Wednesday, December 30, 2015 3:16:57 PM

Post# of 34
According to the offering documents, selling new shares at $2.55 will cause book value per share to be diluted down to $3.24 after the recapitalization. Stock seems cheap to me at 2.55 or less, considering insiders are buying a lot of new shares at the 2.55 price.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.