Thursday, October 19, 2017 12:30:57 PM
4 million share additional sounds about right? That's why this will drop is that the offered new shares will be cheap. It's nothing retail can get in on anyway, but the market may bring it down to make it a fair trade for retails wanting in at about the same price.
However, float is low shares are limited and whether or not you can bring this all the way down to 5$ might be a challenge. Keep in mind bag holders all the way up to 38$ a share. If people hold out and don't sell, it could be a tough job to short this all the way down. But still, dilution can hit this and create that big buying opportunity. I'd agree SP short term is down, but no idea how low this will get just before the deal close.
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