Hi Enterprising Investor, and other esteemed members of the board
So, based on this, the pricing for the rights offering is set set at 5.74, assuming Sggh can sell 4m shares at 6.50.....and each holder will have the right to buy 1.29 shares - but you have to be a holder as of closing of 4m equity raise - which will conclude sometime in December/January. How will subscription rights be sent/issued - if I have some shares tucked away in IRA, will vanguard forward to me correspondence about exercising subscription right?
How do you see the stock price in near to medium term - do you expect us to be around 6.50, or even pressure all the way below 6? And, once all the raises happen, and assuming subscribed without backstop, will go up to 7-8 or higher?
Would appreciate some answers and discussion about sggh prospects,
JK
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