NYSEAM:SVLC - Post by User
Comment by
impegaon Oct 05, 2012 12:29pm
229 Views
Post# 20453214
RE: RE: RE: RE: NEWS ... BOUGHT DEAL
RE: RE: RE: RE: NEWS ... BOUGHT DEAL Edgar if you feel so strongly that they are "giving away" shares you have the opportunity to buy shares in the market at very close to the giveaway price you mention.
Companies go public and list on an exchange for a reason:to access and raise capital for their business. SVL needed capital and they went out and got it. The hedge was a drag on the stock price and everybody here knows it.
The company is growing rapidly and this equity raise will improve earnings and cash flow and enable the company to fund their expansion plans.
Having said that, I get your frustration at incurring a huge paper loss on your holdings (about $40,000). I feel your pain but I hope it is very short term pain and the long term will be much more rewarding than otherwise.
Good luck.