GREY:GDPEF - Post by User
Comment by
LeftBookon Jun 06, 2019 5:02pm
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Post# 29803966
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Yahoo has something for RCG chart enthusiasts
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Yahoo has something for RCG chart enthusiasts
"huge dilution" sounds very dramatic.
After an asset sale RCG could start as a debt free shell with $20M of tax credits.
It could become :
1/3 debt free shell with $20M tax credits
1/3 $20M property
1/3 $20M cash to develop the property
The company would have a $40M balance sheet and $20M off-balance-sheet assets.
I don't think it is right for owners of the shell to complain about a huge share dilution if brings in one partner with a property or another partner with cash to develop the property.
In the end you have three partners. A combined pool of assets and a combined pool of shares.
RCG has a similar structure now with debt holders instead of cash partner.
It would love an investor to pay off the debt. That investor would want shares.