huge capital injection and dilution, but on plus side a freshly capitalized bank with lots of assets. I am struggling to figure out what this bank is worth on a per share basis post dilution or buy in by p.e.
or not wiped out but significant dillution, in effect you had company with 2 million market cap that got 15 million injection. so who owns the company? it would appear the p.e group and not the common? if it goes through, which I assume it will. have to believe the only reason they would agree to this is they are distressed.