Post by
schocor on Jan 06, 2021 3:49pm
Why File a Prospective Issue? What is up?
I have one more question that I would like insight on before I decide to buy this stock. Hoping the board can help. Why do people think this company is filing a shelf prospectus to raise all this money? Is it a good sign (future growth opportunities) or is this a make work project (filling out filing paperwork because there was nothing to do in November)? GUD has LOTS of cash money deploying 250-350M could be done within the existing balance sheet without the need to raise all this proposed money. Issuing equity today or in the near future would be quite dilutive to long term holders never good. So why eve file the prospective issue? This leads me back to the belief that they have a very good potential opportunity or simply too much time. Thoughts?
Comment by
Benedict16th on Jan 06, 2021 4:45pm
Becasue of seven Years of faillures the shelf pp its all about 'Oh what a tangled web we weave When first we practice to deceive' The quote is from Scott's. Defer attention
Comment by
nozzpack on Jan 06, 2021 8:39pm
Since when did JG do anything for the benefits of shareholders ? This coming equity raise will be sub $5 and the reason is to let insiders and the Goodman family to increase their holdings . How about a $300 m CD convertible at $4,75 fully taken by Goodman family and friends ..