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But we already accounted for 100M shares total

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RealDutch Member Level  Sunday, 08/13/17 10:46:12 AM
Re: naturalborninvestor post# 48635
Post # of 53618 
But we already accounted for 100M shares total after the rights offering resulting in $7 book value.

Quote:
But it seems no one really knows when rights offering will be effective and who qualifies.



Only when you own the stock, obviously. Per a certain (record) date in the future, yet to be announced.

So rethink for a moment, what happens if we trade at $3.50... $4.... $5... and how many sellers and buyers we will have.

Who would want to sell his stock for $5 if he can buy more for 2.75 with a $7 book value?


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