Post by
phoenix_trader on Oct 30, 2015 1:09am
Superior Sucks issues results
Issues 13.9 mill shares, reinstates DRIP, WHY? because it Sucks and needs CUS Cash flow. Desperation move, stick with what you have because the Sucks folks have just shown the desperation moment, Vote NO!!
Comment by
Roxy27 on Oct 30, 2015 8:22am
SPB raised equity capital because CUS is overlevered and SPB investors were concerned about the assumption of so much debt. The issue was oversubscribed and SPB shareprice continues to trade well above the equity raise. SPB can access capital, something CUS can no longer achieve.