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$巴诺教育(BNED)$

A)

目前股本是:5315.64万 =53,156,369

增发之后:2,628,206,628 股, 约26亿股。

【How many shares of our Common Stock will be outstanding after the Rights Offering? We will issue an aggregate of approximately 2,575,050,259 shares of Common Stock in connection with the Transactions, such that following the Transactions we will have 2,628,206,628 shares of Common Stock 】

B)

增发得到约45m, 约4500万,[还有可能有一些债务重组,但大约就是这个数]

目前的净资产是 9713.30万,

交易结束后,净资产约 4500+9713 = 1.42 亿

C)交易结束后,每股净资产约 1.42/26 = $0.0546

D) 如果认购,成本价格是$0.05, 也就是PB = 0.91

???问题是交易可能在6月份发生,但是现在的价格却在$0.6左右,交易一旦发生,按PB= 1计算, 则手上的股票完全可能打一折啊!

如果PB=3,则价格应该在$0.15

全部讨论

26亿股的来源包括3个部分:
Following the consummation of the Transactions, an aggregate of approximately 2,575,050,259 shares of Common Stock will be issued in connection with the Purchase Agreement.
1.
Specifically, approximately 900,000,000 shares of Common Stock will be issued as a result of the Rights Offering and if applicable, the Backstop Commitment,
2.
1,000,000,000 shares of Common Stock will be issued pursuant to the Private Investment, and
3.
approximately 675,050,259 shares of Common Stock will be issued pursuant to the Debt Conversion.

注意,如果除去无形资产,则现在净资产是0.