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Post# of 426269
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bblack

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bblack

Re: jeerio post# 88264

Wednesday, 08/10/2016 6:38:44 PM

Wednesday, August 10, 2016 6:38:44 PM

Post# of 426269
completely agree that this sets a floor not a ceiling. The pricing will likely be set on some VWAP basis.

Ether way, the offering signals that there is institutional demand that hasn't existed for a ling time. Despite the big volume recently the underwriters must have assured the company that the demand is there. Also, consider why institutions are willing to buy now ...before a potential big event. Thero must be speaking more confidently to them privately about the timing than he is stating publicly.

jmo.
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