I hate to be a nay-sayer, but there is also the negative aspect of dilution. There will now be 55,000,000 shares (or so) instead of 40 million, which does decrease shareholder value.
However, Softbank obviously thought that even with these new valuations EGRP is worth more than 25 1/2, so that's gotta be good for us.
The basis for a very strong upside move now, IMHO, is the marketing agreements that are to be entered in to with Yahoo!. I think if those are shown to be very strong, that could act as the final validation of EGRP as a true Internet stock, and we all know what that could mean <ggg>.
What does everybody think about the timing of this announcement?
I think it probably would have gotten a much bigger surge if we would have re-opened for trading immediately after the announcement (rather than having an entire weekend to think about it), but in the long-term this way might be more beneficial (we won't see, hopefully, an equally violent swing in the opposite direction, when people pause to think a bit).
Have a great weekend everybody, and here's to a great Monday! |
