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Comstock Resources Inc. Message Board

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  • thesuper007 thesuper007 Jun 3, 2003 10:59 PM Flag

    A lot more for sale!

    Itsa, you hit the nail on the head with that analysis. tomorrow, big selling off the open, probably more selling through Thursday. I think we might see 12.50 by noon depending on futures.... buy on weakness for long term hold.

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    • super,

      Did you do the math??

      $13.98 (yesterday's closing price)

      -60.7� for the 4.34% stock dilution

      +52.6� for the $17,600,000 addition to stockholders equity

      +1.5� for the elimination of the preferred dividend

      $13.91 new share price

      ($13.93 new share price if you use $13.51 instead of $13.98 for the stock dilution calculation)

      Can you say NON-EVENT??

      --Z

 
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