GREY:ROAOF - Post by User
Comment by
beckalodeonon Feb 23, 2007 11:04am
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Post# 12296919
RE: It appears .........
RE: It appears .........If the price gets there, it won't be because of dilution. Logically, that would have happened as soon as the market knew about the offering, and obviously it hasn't. The market is looking way beyond the offering.
But, sure, I take your point: lots of folks would like to load up at the offering price. I'm kind of wondering if, given the materiality of the news we're expecting, whether they'll actually be a trading halt (i.e., also due to the time difference). Anyway, it's sunny here on the left coast, so I'm going to go enjoy it - have a great weekend, all.
- beck
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the share price will drift lower to $7.82 due to the dilution but hopefully, that price will provide a base until the close of the PP. Any good news released will keep the share price higher than the $7.82 potential base.