RE:CcAbbott88Kishmere wrote:
please explain if salp changes their current mind 2)salp current ? ... You dont think Consonance will take part in rights! What if they do take part in rights?...... Also you think 6.7 to 20 shares per right. Yikes! Alot of if ands or buts in your qualified statements! "1. the rights offer will commencein May. 2. It'snotSALP's current intention to take part in the rights offer. I don't think that Consonance will take part either. Therefore the original estimate of between6.7 to 20is probably correct, depending on how fully the eligible 736 M shares "
I think that they have already set up the $75M cap on the rights offer and therefore do not need to put in more money than what they already put in.
They already has the control of the company and reset the balance sheet. Regardless the final amount raised in the rights offer (up to $75M), they will maintain their position as the majority share holder.
However, I think that I understand your grievances and mistrust of the company and SALP and Consonance at this point.
Nevertheless, to take part in the rights offer is still the best way, imo, to lower your cost average, whatever you do decide to do with your investment in the future.
Or you can close your position now, and take the loss. GL!