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Net-Man

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Net-Man

Re: None

Friday, 04/28/2017 7:13:10 AM

Friday, April 28, 2017 7:13:10 AM

Post# of 58072
My guess is GE will look for another $550 million or so in debt financing after this latest round of dilution. That would bring total assets to approximately $1.25 billion and debt to $700 million. Debt to equity would be roughly .55%, which would be a good ratio for a shipping company.

Assuming one more RS of 1:4 to get the outstanding down to 50 million, the NAV per share would be ~$10 or $2.50 pre split. So the shareholder value will continue to decline as GE continues on with his investor raping.
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