The R/S is frustrating. They've had such a tough time getting past TARP and their legacy mortgage problems.
They don't want to wait until the share price reaches respectability. They want to get rid of the stigma of have a sub $5 stock.
They also can't afford to institute a huge share buy-back program to lessen the impact of the two dilutive secondaries they had to do in order to survive.
The R/S will kill my leverage. I'll probably sell because combined with the R/S they just can't increase revenues.
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