Thank you EI!
Ouch, just wrote a long post, and have it all deleted.
If the offering is scheduled to close so soon, does it mean that since they are issuing over 4m shares indicates that they were over-subscribed?
With regards to subs. rights - it seems to me you need 1 to 1 cash in order to participate fully. for example, if your current investment is 50k, you would need another 50k cash to buy in 100%. you are getting 25% discount to price, but you have the rights to buy 1.29 shares to your 1 share - comes out to be 1/1 or so.
In your experience, EI, how long do the subscription rights are "available"...how much time do you typically have to buy in - is it several days, or a week or two? do the company typically set a firm date when the subscription right will expire?
What's your outlook on the company - it seems to me they are proceeding as scheduled with the financing...and should be able to get the funds they need, and close the acquisition. If that's the case, I think the share price should move up once first 10Q of consolidated company is reported back to 9-10 range or more, sometime in Q2 or perhaps second half of 2015.
Based on the current new info about # of shares to be issued, did somebody tried to do calc. total # of shares outstanding, and return on investment for a new company?
Many thanks for answering those very basic/newbie questions,
JK
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