Originally Posted by
iflyjetz
Mr Market agrees with your calculations. The stock gapped down on Wednesday open to 55 NOK.
This raises an interesting thought. IF the stock price drifts below 33 NOK before one exercises their rights, Norwegian raises zero new capital. This capital raise may not happen.
Interesting development. I thought the stock would logically trade down to 50 on the news. Some really bad choices for shareholders (but they are getting what they deserve from massively overvaluing this failing company). I still think it likely the share offering gets placed. We'll see.