Jan. 28 at 11:03 PM
$LOGC corporate actions like this are often misunderstood by retail holders (those actually left from the wish.com era...)
If they dont exercise the rights... Its simple really.... they will experience dilution... Since the offering is backstopped at 8$ the other holders will proportionately increase their ownership.... If new mgmt gets this transaction and future deals right... This is worth a double, maybe even 24 to
$30 (near 3x+ when incentive comp really kicks in)
I bought sub 8. Read the fine print, always.