Originally Posted by
Newman
I think it may break to the up side... I know, you are real surprised, but hear me out.
Everything is about financing. People do not (really) care about dilution, because they have seen it coming for over a month now. It is baked it.
People will see that the company now has access (That does NOT mean the shares WILL be released, just that they have access) to all of these new shares, which means the company has options. They can sell more shares (direct dilution) to get money to pay down debt, or they can do convertible bonds (indirect dilution) to get money or the combination of the two. Once the people know they have options, then the stock will start to rise, because right now it is priced for BK.
Still don't know about the RS, and personally I voted against it. (voted for the shares though).