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Pro-Dex Inc. Message Board

  • hokieincanecountry hokieincanecountry Mar 21, 2014 8:18 AM Flag

    RIghts Pricing

    Shares priced at $1.90 with rights factor at 0.44075 per share.

    AO Partners and Farnam to take all unsubscribed shares and make out.

    Sentiment: Hold

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    • The rights offering is beneficial to ALL shareholders.

      It is irrelevant how many shares AO/Farnam purchase - all that matters is that each shareholder is being given the opportunity to 1) maintain his percentage ownership in the company and 2) purchase shares at a 15% discount

      If you choose to not purchase the rights being offered to you at this time, it is a mistake unless you believe you'll be able to purchase the shares for even less than $1.90 at some point between now and when the new shares are distributed. More likely, once the new shares are distributed, you'd be able to immediately sell them for more.

      Understand, as previously mentioned, the company did not have to provide shareholders the ability to participate in the offering at all and could have allowed AO/Farnam to purchase even more shares at a lower price. What is being done is an indication that Swenson does have all shareholders best interests in mind.

    • THEY took away all the upswings in the stock

      MORE stock outstanding - no benefit to stockholders already under water

      The assumption is that the BULLS? have deferred until they buy at this LOW price /

      • 1 Reply to sawmade7
      • You are very wrong.

        "THEY took away all the upswings in the stock"

        YOU have a warped judgement of what THEY are charged with doing. Upswings in the stock? They took that away? You don't think that maybe people who bought the stock during the two pump and dump Seeking Alpha articles have decided to simply sell and move on? That they are not investors but simply follow the sheep kind of crowd? I know that for certain.

        "MORE stock outstanding - no benefit to stockholders already under water"

        Giving you the chance to average down at a price below the current market price. The fact that you are underwater is a result of how you invested, not what THEY did. YOU had the opportunity to buy shares at $1.90 previously and sell at over $3 as many folks did. YOU are now being given another opportunity to buy shares at $1.90 - will you take advantage of the opportunity or continue to wallow in your misery about how the company and management is giving YOU the shaft once again?

        "The assumption is that the BULLS? have deferred until they buy at this LOW price /"

        That is your assumption but not reality.

 
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