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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: E_K_S who wrote (52712)11/5/2013 1:18:07 PM
From: gizwick  Respond to of 78753
 
Kept my free shares after perusing the financials. With new management it might surprise some people and could also be taken over at $6.00. Good for several years of pizza though.



To: E_K_S who wrote (52712)11/6/2013 12:39:59 AM
From: Spekulatius  Read Replies (1) | Respond to of 78753
 
GSE - it's certainly very high risk. The 6$ is possible, but if the company has to do the 30M$ subordinated capital raise, i think it could easily get cut in half as well. If they can't raise the capital, it's probably a zero, as banks foreclosure smaller companies rather swiftly.

If shareholders get diluted in distressed situations, the legacy shareholders mostly get the shaft. I would wait for the capital raise to make dispositions.