GREY:SWYDF - Post by User
Post by
mjl777on Apr 09, 2014 10:09pm
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Post# 22433196
Pricing of the Public Offering
Pricing of the Public OfferingThe pricing of the public offering has already been determined. It will be sub-$1.00. I hope I'm wrong, but you can probably take that to the bank. If that's the best they can do on a streaming deal, why not more debt? It's way cheaper, it's extinguished and it leverages the return on equity. This deal really just smacks of desperation. It's a far cry from being a value creation exercise for shareholders. How could it be when it's essential feature is excessive dilution. Just another company promise unfulfilled.