RE: RE: Private PlacementYou're all right, this was one of the worst pp deals I ever seen, the warrants were unwarranted and the cash plus stock commission is hefty to say the least.
Misstep. We'll see how the market reacts, I'm tempted to lighten up while still in the black. Regardless of how its interpreted, one thing is clear. More shares = less profit per share potential = worse risk/reward ratio = less attractive stock.
Positive thing is that they will be in a better cash position, which is always a good thing. I have to wonder though if a simple loan at outrageous percentage would have been better than this deal.
Long term I think this one is a winner, but I think it just became slightly longer term than before.