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Toxic Avenger

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Toxic Avenger

Re: None

Wednesday, 04/20/2016 1:57:48 PM

Wednesday, April 20, 2016 1:57:48 PM

Post# of 32393
You have to understand that underwriting means the investment bank (or banks) commits to buying all the stock, then reselling it to investors.
Don't know what the stock would price at, with $10 million worth of new shares coming available, but it's not going to be $1 or more, that's for sure. Not with this balance sheet.

And I don't see any investment bank, even a small one, taking a shot at buying $10 million worth of stock for a company that has a float value at a fraction of that, and a fully diluted market cap many times it.

“No one in this world, so far as I know — and I have searched the records for years, and employed agents to help me — has ever lost money by underestimating the intelligence of the great masses of the plain people"
H.L. Mencken

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