Friday, June 06, 2008 9:31:21 AM
DPDW..
Dilution is dilution..
From the statement above it appears that you have a case but,, The purchase price of DPDW by investors was equal to the price DPDW was trading at when the deal was done..
The purchase was made with out kickers or wts except what Dahlman got and that we don't know yet.. The Flotation Deal is accreative because of the low earnings base that DPDW had and all debIt has been repaid releasing the burden of 2 Mil in interest obligations each year..
The way I see it is that DPDW's price is the only thing that got ahead of the deal and was because of the closing date and not because the underwriting gave any special benefit to any investor..
There will be others that say the sale was dilutive,, but as I did when I lightened up of half the position because I had no news,, after reading the news I hope you are right and others misread a closing date for the date of the deal and sell below $1.00... Finding funds will be the real task,, not making the trade... hank
Dilution is dilution..
From the statement above it appears that you have a case but,, The purchase price of DPDW by investors was equal to the price DPDW was trading at when the deal was done..
The purchase was made with out kickers or wts except what Dahlman got and that we don't know yet.. The Flotation Deal is accreative because of the low earnings base that DPDW had and all debIt has been repaid releasing the burden of 2 Mil in interest obligations each year..
The way I see it is that DPDW's price is the only thing that got ahead of the deal and was because of the closing date and not because the underwriting gave any special benefit to any investor..
There will be others that say the sale was dilutive,, but as I did when I lightened up of half the position because I had no news,, after reading the news I hope you are right and others misread a closing date for the date of the deal and sell below $1.00... Finding funds will be the real task,, not making the trade... hank
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