What the hecki s this company doing? Is this a joke?
Also wonderign how do they pay $1.25 a share in dividends and all these other special distributions when they dont' even have close to that much cash. None of this makes sense. Can anyone explain this company
Read the prospectus on the offering. This is management trying to sell their shares without selling them in the open market. Seems a little late to sell, given the stock was $12 a month ago. The company will receive no proceeds for the offering, and it is not dilutive.