Lets_See_The_Profits
Oct 13, 1:32 AM
$UGIZ The shareholder value argument is pretty foolish. The agreement caps the issuance at 150 million shares. That doesn't mean they have to issue all of them. Let's do the math: roughly
$300K in debt at a 50% discount to the 20-day trailing trading low. I think you'd prefer the 150M-share cap over what the original terms could have allowed.
If they can settle the shell's entire debt with 150M shares, you're still looking at just over 500M shares outstanding, a clean shell, and an oil services company coming in with an immense amount of work to do in Venezuela. That's a lot of potential business and revenue. I'd say the bigger question is what they're bringing into UGIZ, not simply the maximum number of shares authorized for the debt settlement.
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