RE:Three thoughts on the rights offer
CCABBOTT888 The one BIG thing you are missing is that the current shareholders equity will be reduced to 3% from 100%. Yes, you can participate but only 1/3 of your shares will qualify because of the $75M cap. That pool off shares will only have 20% of the equity. Thomvest and friends will reverse split in June and flip the company to a waiting deal, walking away with 80% of the profits...