RE:RE:Dilution is imminentI don't have a crystal ball but given that it is trading for less than where it was over 3 years ago, and that it is in a perma-loser down-trend, the new equity will be issued well-below $14. The brokerages will try to work it down as much as possible too, to make as much as possible with the issuance of new paper. If the asset sales go bad (company can't catch the bid they expect) then expect even more dilution. Maybe $12 is too optimistic...
If Banskota is smart he'll drop the Kentucky coal deal; it is ruining the company.
Humanist wrote: you seem to be convinced bsdetector that there will be dilution at an even lower price, what price do you hae in mind if so.. i am curious
glta
BSdetector2016 wrote: Why buy now? There is zero reason to buy right now. All these brokerages want in on the action, which is why they are trying to butter-up the market.