... is diluting its product by further stretching out its national schedule ... The product is undeniably diluted. And yet, the league plans to dilute it even further by adding Wednesday games to the schedule.
However, the structure of the offering created substantial potential dilution in the market, which management believes contributed to a sharp decline in the Company's share price following the filing.
Reports Net Loss of $49.4 Million or $1.13 per DilutedShare, and Adjusted EBITDA of ($38.3) Million ... Net loss was $12.0 million, or $0.27 per diluted share, down from net income of $2.8 million, or $0.06 per diluted share.