The etoast brokerage business is not enough to drive the shares, except lower at this dilution ratio (assuming for a moment it is profitable).
The banking business is gone for all practical purposes, what credit-worth loans there were have been sold-off.
Where is the future revenue growth going to come from???? There are so many better brokers out there.
Bottom line is that $1.23 is ETs current price based on dilution from the new shares. ET is in a better position now and up or down movement in price will be based on the how ET performs in the future. My bet is that $1.20 will be the low.
Choice or no choice is irrelevent. The point is they could have shown a profit, and the loss was on paper only. They met all their cash flow operations. So your statement and assertion are quite erroneous.
The “huge volume” was the adsorption of the new shares hitting the market and likely had nothing to do new investor interest. If the “huge volume” continues, then there is a rational for renewed investor interest. But I would not count on that.
The rapid drop in share price to $1.2 is the weighted-averaging effect of dilution from the new $1.10 shares.
Sure that's why Citidal bought 90 million shares so they would lose money I guess they want a big tax write off use your common sense if E was going down they would not have bought this will go up.
it's a control thing...citadel has all control...just looking out for their best interest...it's their company...good or bad...they unlike the common shareholder will not be hurting as much in a worst case scenario...they own the debt..they have the dibs..most likely..at least break even on a worst case scenario