why should there be? once you factor in dilution, this stock is trading near book value per share. Prior to the announced dilution, this stock was trading at 50% of book per common share. Barring further positive news, this stock could trade lower than its present value, especially if the economy were to dip into recession again.
looks like to me 1/3 of book....so, doubling the shares, its still trading 2/3 of book. I would assume that theyre making progress on hotel sales, debt, etc. Plus, the warrants have a conversion at 1.20....not a bad return from .70 cents. THATS WHY THEY SHOULD.