Post by
offtotheraces on Mar 17, 2015 11:49am
what a piece
they raised equity at $1 when the revese spilt was nearly at $2.60 -- total garbage. management should be ashamed.
Comment by
DayOfReckoning on Mar 17, 2015 12:01pm
Nonsense. When the deal was announced to re-capitalize Kallisto, KEC was trading by appointment at about 6 cents or $1.50 post-consolidation. Management and Directors poured in $10M of their own money, and offered a future to what was a lame duck. Once oil comes back, just watch this fly. Insiders, Norrep and Wellington own ~60% of Toro and paid an average of around $1.