Overlay of previous drop from $10, compensated for higher book value from cash gained by dilution while accounting for the increase in shares.
They really should've diluted their stock even more, lol. Much like AMC , the stupid runup allowed the company to stay in business for a little longer. So not everything about the bubble was bad.
Here's a decent write up, I have no position in this any more.
https://seekingalpha.com/article/4480537...
They really should've diluted their stock even more, lol. Much like AMC , the stupid runup allowed the company to stay in business for a little longer. So not everything about the bubble was bad.
Here's a decent write up, I have no position in this any more.
https://seekingalpha.com/article/4480537...