The Issue
On June 22 of this past week, Global Self Storage (NASDAQ:SELF) entered into an underwritten agreement to sell 1,121,496 shares to the public at $ 5.35 per share. Please see the relevant
Commentary Regarding Recent Public Offering By Global Self Storage
Summary
- Just this last week, Global Self Storage consummated an underwritten public offering that increased its outstanding shares by about 11.9%.
- The market's reaction was swift and decisively negative.
- The market perception is analyzed here in terms of likely prospective economic dilution.
Retired quantitative fixed income analyst, Presently Department Chair, Physics at Georgia Northwest Technical College, Served on Editorial Board of Bank Asset/Liability Management, MBA from Ohio State, M.S. and Ph.D. in Physics from Ohio State, B.S. in Mathematics from University of Missouri, Private Investor
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