GREY:MAAFF - Post by User
Post by
hkaasknownon Nov 08, 2010 6:32pm
321 Views
Post# 17676886
non-sense
non-senseTrying to see any positive angles, came up with a few possibilities, but also came up with counter-arguements as well...
1. The deal is close to be signed and the insiders wanted a last chance to buy cheap shares. This would make sense if it was a private placement, and it is not - it is marketed public offering. Insider trading restrictions would come into play as well.
2. MAA wants to move foward with construction so that there is no delay in the curent project schedule. It actually works against the longs as it would mean EPC is not being awarded to COMPLANT, meaning there is no deal.
3. They want raise 20% equity to go with European financing option. If that was the case, they would have announced it before announcing the financing so that the equty raising is done at higher sp.
No matter how I look at this, I can't find any positives. The management better explain why I should not sell my shares. Tomorrow could be a really bad day for the longs.