Melco Resorts and Entertainment Ltd (MLCO)

[jimstr]

apparently you missed this awhile back.

3 shares for $15.00-what did you expect???

https://research.scottrade.com/research/stocks/secfilings/drawFiling.asp?docKey=137-000119312507231775-26LSN0TUP81AEJLSBMAAN3J1B5&docFormat=HTM&formType=424B4

thats what happens to a stock price when the company dilutes

Melco PBL Entertainment (Macau) Limited

(incorporated in the Cayman Islands with limited liability)




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37,500,000 American Depositary Shares

Representing 112,500,000

Ordinary Shares




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Melco PBL Entertainment (Macau) Limited is offering 37,500,000 of American Depositary Shares, or ADSs. Each ADS represents three ordinary shares par value US$0.01 per share.

Our ADSs are listed on the Nasdaq Global Market under the symbol “MPEL”. The last reported sale price of our ADSs on the Nasdaq Global Market on October 31, 2007 was US$15.90 per ADS.

See “ Risk Factors” beginning on page 18 to read about the risks you should consider before buying the ADSs.




Per ADS Total ADSs
Public Offering Price
US$ 15.50 US$ 581,250,000
Underwriting Discounts and Commissions
US$ 0.465 US$ 17,437,500
Proceeds, before expenses, to us
US$ 15.035 US$ 563,812,500