DHT Holdings Inc (DHT): Clearly, I was not discussing the market...

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Re: gmen post# 1147

Monday, 03/26/2012 4:05:45 PM

Monday, March 26, 2012 4:05:45 PM

Clearly, I was not discussing the market price per common share... whether the $0.70 per in the offering, or the $1.15 current market price... rather than the average price per share in the offering, including in that the 50% that is tied to the preferred issue in the offering... which is what matters in relation to the accounting for capital.

I was discussing the impact of the offering on capital... not market prices.

The offering seems it is a good deal for holders.

It appears the market likes it... as we see buying today.

The average share price in the offering is $1.39... because... math works that way... and there IS a difference between the common shares and the preferred...

The average share price per common share that will be paid by those who participate in the offering, AFTER the conversion of each of the preferred shares to 200 common per, will be $0.70... but, that conversion hasn't occurred yet ?