Bellatrix Exploration Ltd (Canada) BXEFF

Most just don't get it

[Don2018]

Many think there will be 80 million shares in the end, which is incorrect.

The 80 million shares (approx) outstanding will make up the 16.5% of the recap.

That means there will be 80/16.5 = 484 million shares.

So one group paid $45.8 million for 51% of 484 million shares, which works out to 18.5 cents

The other group paid about $30 million (as of today) for 32.5% of 484 million shares, or 19 cents.

So Dave4444 and the other people who don't understand how recaps work, should probably get out of the stock market.