RE:RE:RE:RE:RE:great news.DB the only green on the page at the close joh and it will do well from here as well as long as Beena gets the sales up where they should be and maintains healthy net margins...FIRE is much leaner and better positioned today from these amendments.
A rising tide lifts all boats and that will be be the case for FIRE as we ramp up to full production, with acceptable margins...have you found any further clarity on sales for the current quarter and last? We need to see annual sales in the ~$150mil+ range and growing as soon as possible, add profit realized and net margins improving with EofS and FIRE will take it's place with the survivors in this infant high growth sector well into the future. JMHO...Opt
johnale wrote: I beg to differ - this was pretty friendly to equity holders.
Debt holders took .41 cents on the dollar average.... in EQUITY.
so (interest aside) - if you were an original debenture holder at par - the stock has to go to 1 dollar for
you to see your principle back.
1 dollar!
The conversion - especially of the 63.5mil avg .545 (need 1.10equity to break even) is a big premium for the free trading shares.
MMCap wouldn't accept that much equity without some..... improvements?
Like you said - these things are done at the bottom - so that the good news propels the stock forward after the dilution story is done with.
you don't do it the other way around - release good
news just to get crushed again with news of
dilution. Any rise would have just fed into shorts who knew what was coming.