Replies to post #1347 on RAIT Financial Trust (fka RASFQ)

[777]

RASGQ will not though. And frankly, from a purely technical perspective, it's better in every way.

Look:
Share Structure
Market Cap 21,192 02/25/2020
Authorized Shares 25,000,000 02/21/2020
Outstanding Shares 5,727,500 02/21/2020 (this is just the outstanding!)
Par Value 0.01

Even the basic par value is higher than the current price by 200%. Do you realize how easily this would pop to .10 cents?

It was $3.60 52 weeks ago!!! If some company comes in here and buys the shell as part of bankruptcy it will go ballistic.