|
|
|
|
|
|
by ummonk
1178 days ago
|
|
|
It would seem the valuation is readjusting to the fact that they had to stop growing (and indeed lose revenue in tandem with cutting spending) to become profitable. Since they already have a 250 million dollar preference stack on the books, with another 30 million there won't be as much left for common stock holders at the new adjusted valuation. |
|
|