APRN - Blue Apron: Leveraging The Rally To Dilute Shareholders
Speculation Leading To Dilution
Source: Robintrack
A few months ago I wrote that Blue Apron (APRN) was bleeding cash and concluded the company would have to raise capital. I guided that a dilutive new issue or a take-private by a speculative investment firm were the most likely route. Subsequently, Blue Apron disclosed in their FY19 earnings reports that in fact a capital raise was needed, and, rather laughably, that anything was on the table including a total buyout, new debt/equity, or asset sales. A few potential purchasers were said to be