Friday, August 04, 2017 6:26:58 PM
On the other hand, there's other ways of reducing OS, and that's by cancelling preferred shares and moving them into treasury.
The recent shake-up with executives could entail something along those lines as well.
Think about it...if Dror has stepped down, and the Cork execs are no longer in the picture, then for one, he should be willing to give up a portion of his preferred shares for the good of the company, and second, those shares that were previously held by cork execs that were issued should be returned to treasury...
Also, the float is much smaller than the 4.2b currently held at DTC when you consider the preferred shares.
Another consideration is if they do an S-1 registration for the new divy ticker, it will likely have whatever preferred shares they issue for those execs, plus the number of shareholders here at the time of the ex-date prior to divy -- so, taking that number into account then the OS will probably show considerably less shares than what we currently have here.
.......CB
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