GREY:MAAFF - Post by User
Comment by
hkaasknownon Feb 09, 2010 4:57pm
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Post# 16768531
RE: Share Offering
RE: Share OfferingI don't understand why a company would announce share offering without price and share amounts. Could it be because they are negotiating a bought deal and wanted to announce it before the news leaked out, or lower the sp so that deep pockets are more likely to buy larger chucks. I have to agree the offering price would not be more than 0.45. I am thinking more like 0.42 - same as the last offering about a year ago. That's really depressing for the longs - no change in a year where most companies have recovered from the worst.
I was hoping they get a line of credit to get them through this year until the framework has been worked out. It is another disappointment to see the offering. I would not think they are that stupid to offer more than necessary - should be quite close to the last offering in June 2009.