GREY:TMPHF - Post by User
Post by
KnowledgeSeekr8on Nov 07, 2016 8:55am
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Post# 25431374
Rights Offering
Rights OfferingHow are investors feeling about this? https://www.newswire.ca/news-releases/temple-hotels-inc-announces-50-million-rights-offering-600241021.html I've got mixed emotions on this as they are doubling the float of shares outstanding, but we are paying off debentures that will help pave the way for future success. I do wonder about the timing of it as the share price is very low. I think this mean the Q3 numbers aren't great or they would have waited to release those numbers and a SP pop before the rights offering. Any insight?