Post by
brentski99 on Feb 23, 2023 3:28pm
I believe a financing is inevitable.....
The support shown here and the promotion we are seeing is probably because they plan to raise money in the near future. A trading range must be established for a certain amount of trading sessions is what I remember from my past public company days if I am correct.
An analyst a while back let slip $9.00 USD I believe. He probably got the number from someone in the know. Someone here probably has that report available to post here I am sure. Contrary to what posters like B2B believe - this is a good thing. That is how companies finance their expansion without adding recurring debt costs. I would like to see a money raise os say $80,000,000 sometime this year to aid in further takeover activity. Maybe even more and what better time is there when the share price is up. Very little dilution and major expansion without recurring interest charges. Another 8 to 10 million shares can easily do it without hurting the share price at all if done correctly.
Comment by
lscfa on Feb 23, 2023 3:47pm
Why do an equity financing before the Great Elm acquistion is integrated, the synergies are realized, and stronger financial results are reported?
Comment by
brentski99 on Feb 23, 2023 5:46pm
Probably setting it up for later on this year at even higher share price although some good aqusitions would certainly move up the PPS even more. If something big pops up it would be good to be ready.
Comment by
westcoastlogger on Feb 23, 2023 4:38pm
Seems like basher 1s prediction of the market getting over the hype and this going into the 5s is not really panning out like he was fantasizing about. Hey basher1 the bankers seem to think EPS is appreciating or we wouldnt have a credit line. Bankers 1-bashers-0. I'll listen to the bankers thank you.
Comment by
HatrikSeLaine on Feb 23, 2023 4:18pm
I'd take an equity raise in that $80 M USD category any day of the week at $9 USD. This is over $12 CAD (an all time high since the VMD spinoff) and would send a great signal to the market that we're well on our way to becoming a major National player.
Comment by
lscfa on Feb 23, 2023 4:54pm
Raymond James assumption was $30 million @ $9 US....You don't want to get rid of all the debt because 100% equity is a sub optimal capital structure.
Comment by
westcoastlogger on Apr 26, 2023 11:24am
Brentski was sure bang on the money. Way more so than any of the basher tribe that hang around here.