TA, you couldn't be MORE WRONG...
Say, for simplity of argument that SEVU has a maket value of $10 million with 20 million shares @50 cents...
Now, Outstanding shares double to 20 million by virtue of the PP @ 10 cents/share... What will be the calculated value of the stock after the PP?...
$10 million market value + $2 million PP funds = $12 million
$12 million divided by 40 million shares = 30 cents
As a result, the shares have lost 40% of their value and if you had 200,000 shares, you've lost $40,000.00... VIVA McBride!!...
JMHO, F. Goelo + + +
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