InvestorsHub Logo

finesand

07/22/19 3:23 PM

#581 RE: finesand #580

Now let's compare SH value

Pre RS ~3M OS (generous, actually 2.4M OS or so)
Post Offering 14.5M OS

So the retained value post dilution is only ~20% of the whole now.

20% of $3/sh pre RS and RS dip would only mark 60c value,
if one would simply claim that the offering cash just evaporated
and biz is the same as before and they still need a cash injection
due to negative working capital.

Just some thoughts.