How do u reach 170m shares? By my calculations is would be more like the 64m current outstanding + 51m to be diluted = roughly 115m shares. Which a) is not a ridiculous amount of shares and b) results still in a BV=1.78. Therefor, to be able to load em at .70 is kinda a no brainier, unless u don't like buying a strong company, with new growth prospects for 39% of book. And dont rule the dividend out yet. Who knows what surprises the next quarterly would bring, clearly you don't have a crystal ball and nor do I.
Good luck to all.
I'm still here holding strong and am gonna be doubling my position with this offering.