InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,615.35
(
0.55%
)
US TECH 100
19,792.00
(
0.58%
)
Dow Jones
40,000.90
(
0.62%
)
Brent Oil
84.57
(
-0.63%
)
Bitcoin
57,646.94
(
0.52%
)
Post# of 26631
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

mjkiii

Send PM Follow Ignore
Followers 7
Posts 4096
Boards Moderated 0
Alias Born 05/25/2006

mjkiii

Re: gabbs post# 1592

Friday, 05/21/2010 4:02:31 PM

Friday, May 21, 2010 4:02:31 PM

Post# of 26631
If I understand this deal right, someone paid $2,000,000.00 @ $0.50/share for 4,000,000 shares of common stock, and the right to purchase 2,000,000 more shares with and additional $1,700,000.00 @$0.85/share in the future.

Unless the bank thought that the shares would be worth something substantially more down the road, they would not have paid a big premium for the shares based on today's prices.

Does that make sense??? It seems they paid about a 20% premium.
Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up