Post by
pennydredful on Sep 28, 2019 3:18pm
Aside from the new shares being issued
We should have a nice float with the 1 for 15 reverse . Existing shares of 185,547,000 will become 12,369,800 . This existing share float is reduced down further by the existing shares Loomis and management holds to about 9,143,474 . Currently the entire value of this float is about 13M$$ . Very little buying will move the shares up to a level where they are marginable and at a level more acceptable to institutions .
Comment by
Raymondjames on Sep 28, 2019 9:05pm
What range do you think the Notes will be trading at next week? If the Subscription Note Receipts were over subscribed as I am lead to believe, we should see a bid next week.
Comment by
pennydredful on Oct 01, 2019 10:00pm
Care to elaborate on your comment. ?
Comment by
Raymondjames on Nov 03, 2019 4:31pm
Penny: seems small portion of existing note holders prepared to sell below 75 ( even with Luminous paying 75 without warrants). Would think those investors paying 75 on the new notes will bid this up post November 15th.