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420man

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420man

Re: kentstate12 post# 214

Tuesday, 06/18/2019 11:34:32 AM

Tuesday, June 18, 2019 11:34:32 AM

Post# of 253
Well, the way I see it is the Company needs $50 million and therefore throws out an rights offering to lure in existing retail shareholders to foot most of the $ so Riley isn't underwater as much. He is one of their biggest funders.

Why aren't their institutions lining up to give their $ for heavily discounted stock? Could it be that Riley doesn't want to get undercut before the potential bounce for him to possibly unload?

If it was such a great deal...I'm sure he could find the funds to buy all the shares. Hmmm JMO

The stock market is an predator / prey scenario where the Companies and their lenders are the predators and retail IS the prey. Play wisely!


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