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mike_usa

04/27/20 1:04 AM

#606447 RE: amelia43 #606446

Very happy with $12 to $14, if it happens now, instead of waiting much more unlimited time.
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YanksGhost

04/27/20 5:05 AM

#606449 RE: amelia43 #606446

I said in another post over the weekend that my new thesis targets a common price in the range of $40 to $50. This amount is approximately what I see is needed in an IPO to raise capital, and that only happens by reducing the dilution of new shares by a substantially lower level than the evil 79.9% in warrants (that would be deemed repaid collateral interest).

The intriguing aspect supporting this strategy is that it is the ONLY proposal I am aware of that resolves the huge dilemma of having one, low price for current common shareholders and somehow some higher price for Newco iunvestors when each actually own the same stock. It also resolves the other issue: if any new IPO is at prevailing <$2.00 market prices, the MASSIVE dilution that would create would be disqualifying.
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Brooge warrants cancelled

04/27/20 11:02 AM

#606479 RE: amelia43 #606446