"So, though a terrible dilution, that is a good thing!"
It might be a "good thing" I guess given that some of the liabilities on the balance sheet are being reduced...but at what cost? Any "perceived" improvement to the balance sheet is being overwhelmed by an increase in the OS diluting out existing shareholders. None of that stock is putting money into the company coffers to invest in the business...that money came and went years ago. The note holders are making 30-50% on their stock sales...that is going in their pocket.
And there is no way to know when the dilution will end. An RS is HIGHLY likely at some point...and to the degree the conversions accelerate that...overall it isn't really "good".
but then in the pennyworld...so much is in the eye of the beholder...
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