GREY:DPGYF - Post by User
Comment by
tickerpriceon May 24, 2017 10:34pm
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Post# 26280772
RE:20% Dilution at $1.27, New Debt at 10% rate & Raymond James
RE:20% Dilution at $1.27, New Debt at 10% rate & Raymond JamesCan't disagree with your comments. More dilution, higher interest costs. Need to increase cash flow by 20% from guidance of $50-52 million just to stay flat per share. why didn't they issue at $1.75 or even $1.50 if they needed to raise money. What has changed from their guidance that they would issue equity or take out higher price debt? Just seems like such good assets being mismanaged. The future always seems brighter but now we have to wait until 2018 to see the growth that will offset the dilution. Frustrating!!