Lone

[mkarpoff]

Lone does a secondary. Price, naturally, takes a hit. Ugh.

[bigtex]

hope it is not another GST

[dan_s]

If you have details please post them.

Size of stock offering
What will proceeds be used for

[cmm3rd]

Link to S-1: http://archive.fast-edgar.com/20161027/ ... BNZZ22Z882

[cmm3rd]

Up to $50 million worth of shares (including overallotment). Leucadia National Corp has agreed to purchase an unspecified number of the shares.

Use of proceeds includes: "We intend to use the net proceeds from this offering to repay Seaport Global in connection with the Facilitation Agreement, reduce amounts drawn under our revolving credit facility and for general corporate purposes."

[dan_s]

Shoring up the balance sheet is a good thing. I am sure the buyer did extensive due diligence before agreeing to this, which is another good thing.

[mkarpoff]

Dan, how does this change your valuation?