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Tsakos Energy Navigation Limited Message Board

  • burnedoutprof burnedoutprof Jan 31, 2014 1:45 PM Flag

    dilution at 20% increase in shares at 12% discount

    to simplify the math, suppose a company has 100 shares of present value $10/sh, total $1,000
    company sells 20 new shares at 12% discount i.e. $8.80/sh, total intake $176.00
    company is now worth $1,176.00 including the new cash, and there are 120 shares
    each share is now worth $9.80
    dilution is 2% to existing shareholders

 
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