Kirby -
Just a heads up -
2 things:
1. Note that the tax implications of owning this company are an issue, especially if you're holding it in a tax-deferred account (such as an IRA). These things can be a nightmare.
Obviously, if you make a lot of money on it, no big deal, have an accountant who knows what they're doing sort it out; however, if you're holding a small position be aware. (See SUPPL filings dated 2/22, 2/23, p. 22 etc.). Do not assume that just anyone with a CPA automatically knows what they're doing on this stuff.
2. The "plummet" in price appears to be dilution, not a bottom. Not sure where this info puts you but take care with this:
You will experience immediate and substantial dilution.
If you purchase our common shares in this offering, you will incur an immediate and substantial dilution in net tangible book value of U.S. $30.46 per share, after giving effect to the sale by us of 5,500,000 Common Shares offered in this Offering, and after deducting underwriting discounts and commissions and estimated Offering expenses payable by us. In addition, if the Underwriters exercise their over-allotment option, you will incur additional dilution.
Caveat: perhaps you've done full DD and I certainly have not other than to ascertian that this is complex on a number of levels and surely demands intensive DD in order to have anything even remotely resembling a margin of safety. |
