GREY:LGLTF - Post by User
Comment by
Stylesson Sep 18, 2013 3:35pm
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Post# 21749408
RE:RE:Stable or stagnant?
RE:RE:Stable or stagnant?i've met the CEO before.
My view is that they will not be making any acquistions using shares at these levels. Only acquisitions that can be considered in the short term are small tuck-in deals. Nothing like KGIC.
Don't see them raising equity at these levels. I agree with you. Need to be north of 70 cents at least i would imagine. I'm sure he's getting pressure from the 6 boutique banks that cover him to raise money now. I'm hoping he realizes he will have angry investors who just bought the stock at 0.54 cents and don't want to see dilution at 60 cents. I'm hoping to see equity printed at 80 cents as well.
Don't think we have to worry about it until early 2014 when some fo the final payments for these deals come due. If he gets the share price where he wants by then, for sure i could see him hitting the button and raising equity. But not at .60