stock price meaning what?To recap , HWO was trading at a 52 week low of 97 cents ( company has repeatedly said they don't know who the sellers were at the low) when the reorganization and the return of capital ( approximately 76 cents ) was announced.
The company then made it back up to $1.37 after a few days and then tailed off into the weekending close of $1.28.
Let's keep the $1.37 and that would mean at the high point of the week , the stock price reflected 40 cents out of the proposed 76 cents return of capital.
What gives here? I know HIgh Arctic is a micro/small cap stock but wouldn't you think at least 50 cents or 2/3 of the return of capital would be reflected in the price? Is the market telling us the stock is not worth at least the $1.50 mean price of the last year? Is the market telling us the return of capital is not going to happen because they think the rest of the reorganization is not going to happen (PNG, Canadian company etc) - is this all or nothing situation?
Or is it because very few people know about the company ( small cap news lag) so there's little demand for shares?
Opinions?