RE:Private issue That's an idea. However, I would prefer that they keep the debt and do not issue the equity. Increasing the share count by 1/3 is a lot and I am worried the equity market would not like it.
If the market likes to look at AFF per share, then, Crew would go down.
I am going to do some research. I have a feeling Crew could get added to the TSX Small Cap Index later this year, but I do not know yet.
Cheadle12 wrote: If Crew were to issue 55,000,000 shares at $1.79 (todays closing price) they'd get $100M.
That would pay the YE2021 debt down to $250M. This brings the D/CF ratio down to 1.5x and would probably lift the stock price even more.. risk away.
Not saying go this route, but now with the equity value returning, they have more and more options.