ACB Reverse Split with Immediate Dilution

13 апр. 2020 г.

12 to 1 reverse split with a new shelf prospectus to immediately raise $200M. Current market cap $780M. That implies dilution of 25%, directly after splitting. Still, there are people buying at the current levels. Are those shorters, stocking up? I got APHA at recent lows. Earnings on Wednesday. I'm hoping for a killer. Then we'll leave ACB behind, forever.

13 апр. 2020 г.

Заметка

Correction: $350M / 35% dilution.