You sound surprised? The writing on the wall has been as clear as bell ever since the rights offering details were made clear. What is equally clear, to me anyway, is that Ross and his buddies are buying an additional 50 million shares of stock ( assuming they get most of the abandoned rights ) right here and right now. I can't imagine these people are as successful as they are for no good reason. Should there be any real surprise as to what comes next?? My only question remains ... $6 or $8. I'm feeling the former but hoping for the latter.
the wave was paved after ousting the CEO. its blatantly clear what is going on now. I just hope this doesnt drop to 3-4 and they take it private sub 5. Company valued at 1bn now with alot of debt but still cheap. Valuation for takeout should be $8 - $10 based on projections with NG prices and oil in line and a premium priced in