During the last 3 years MHO has added $70M to it's debt and burned through $60M in equityIf they don't float some shares at this insanely overvalued price to de-lever the balance sheet somewhat, it is likely that we will hear "hindsight is 20/20" phrase sometime in the nearest futureThis puppy needs capital to grow if things "go well" and to "pay the bills" if things go off the rails again sometime soon
Easy arbitrage!?- one share of common is trading at 2 times book. One share of pref is trading at 0.6 times book. Heh?