Mr. Cynical

Universal Travel Undoes Tianjin Acquisition

This is all true. (I am long UTVG also) It does not appear undoing the TGD deal is going to significantly impact earnings. However, with the cash going back to the warchest, why did they dilute by over a million shares simultaneously? (Something else already in the works?) And why such a sweetheart deal for the dilution (2.70 a share when the closing price was over 3.00 and earnings likely justify a higher price than that)? Your thoughts are appreciated.