Comment by
QianPathFinder on Jun 12, 2018 4:14pm
KAT will issue $5.6 billion in stock to retire debt, huge dilution.
Comment by
HillaryC on Jun 12, 2018 5:19pm
So at roughly $2 per share that is 2.8 billion shares. That's crazy. Then the ol' reverse split trick at 1:100. No thanks.
Comment by
easymoola2003 on Jun 12, 2018 5:29pm
the PR does not indicate the equity vrs debt split
Comment by
Wonnetr on Jun 12, 2018 6:26pm
1:100 would then make one share worth 200 bucks, and the company will be debt free! Dividends of 20 percent would then drive it to be a 10 bagger! Cobalt prices will keep rising.