Thornburg Raised Capital - Existing Shareholders Own 5.5%
March 31, 2008
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Let's see, with today's raising of 1.35 billion in capital, and the existing market cap of $283 million, but existing shareholders share is only 5.5%, well, that would put Thornburg to a market cap of $5.1 billion.
And they have to pay 18% interest... Just how the heck do they manage that?
