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"The current state of the global financial markets and current economic conditions may adversely impact our ability to issue additional equity at prices which will not be dilutive to our existing shareholders or preclude us from issuing equity at all. We continue to actively pursue alternatives which will allow us to defer or eliminate some or all of our current equity needs."
If stock price is still sitting $10 or so when they need to raise capital, I hope they'll consider some sort of rights offering to current shareholders, maybe a convertible preferred like what they issued to Dennis & Co, give us an opportunity to protect our current interest. I personally would much prefer to kick in a couple bucks for a preferred interest than see my current investment diluted. Rating :
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44/Male |
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| Subject | Author | Rating | Time of Post (ET) | ||
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earnings announcement, fine print
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not_totally... | Not rated | 3-Nov-09 08:33 pm | ||
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Not - this is the standard CYA language. IMHO chan...
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go_for_it_9... | Rate it | 3-Nov-09 08:40 pm | ||
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IMHO - I see some big positives.
> Revenue u...
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go_for_it_9... | Rate it | 3-Nov-09 08:45 pm | ||
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the finance is already in place
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erwin1_2000 | Rate it | 4-Nov-09 07:37 am | ||
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the *debt* part is already in place, but...
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not_totally... | Rate it | 4-Nov-09 09:15 pm | ||
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Since they don't need it right now,...
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sphericalku... | Rate it | 4-Nov-09 10:51 pm | ||
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Not - I concur. SSW has to bring a...
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go_for_it_9... | Rate it | 5-Nov-09 10:29 am | ||
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Going Ex Dividend today!
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go_for_it_9... | Rate it | 5-Nov-09 10:53 am |
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