James Monroe Capital Corp (JMON)

[iwant1mil]

I'm sure they knew that Frank was diluting. It's just no way they could not have known. If they really cared for the shareholders, they would have stopped Frank after 5 or 10B dilution not 100B. Now they want to R/S where every shareholder will loose nearly every penny of their investment.
A R/S would send the wrong message to investors and I just don't see how they can turn things around after that. I would rather that they did a buyback, but then that would mean they would have to actually sell something to make money. Well if they really could turn things around after a R/S, why couldn't they do the same without doing a R/S. That tells me that their plans are to R/S then dilute to raise money for the new plan. Isn't that the same cycle that Frank just did? What new business plans do they have? I have no trust in any company that does a R/S, especially when they haven't even tried to raise money the old fashion way of working for it.

My question is, who would be loyal enough (or maybe dumb enough) to buy back into JMCP after a huge R/S?