Wednesday, March 21, 2018 10:10:40 AM
It could be the company is shorting it’s own stock through an out side entity interest like FXC. Let me explain how this is done. FCX will trade share equity with FXC and go long while FXC goes short. If one of the plays is in the money and the other one is out of the money there is a neutral gain except for the tax’s owed in conjunction too the cost of setting up the play that puts one of the interest out of the money.
Capital cost can often be passed on too shareholders by structuring the play in this manner.
FXC will then lend money too FCX on a good will bases moving the capital cost of the debt back onto the debtors shoulders.
This will move the liability well above the assets value while at the same time the company will forward split the shares selling the debt backed by the new collateral in the outstanding share owner ship of the lender ie: convertible share dilution.
Follow the money, talk to your account better yet take a course in accounting 101 too better understand what your purchasing and who holds the collateral to the borrowed debt.
So often early investors will sell them selfs short to the company diluting there interest too new arrivals coming into the game at much higher prices when taking in the cost of the collateral.
Recent FCX News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/28/2024 09:30:54 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/07/2024 07:57:20 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/23/2024 12:16:11 PM
- Freeport Second-Quarter and Six-Month 2024 Financial and Operating Results Release Available on Its Website • Business Wire • 07/23/2024 12:00:00 PM
- U.S. Index Futures Dip Slightly as Investors Await Major Earnings Reports, Oil Prices Edge Up • IH Market News • 07/23/2024 10:04:07 AM
- Freeport Commences Commissioning of New Indonesian Smelter and Provides Update on Second-Quarter 2024 Copper and Gold Sales • Business Wire • 07/02/2024 01:22:00 PM
- Freeport-McMoRan Declares Quarterly Cash Dividends on Common Stock • Business Wire • 06/26/2024 12:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/13/2024 09:41:23 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/12/2024 08:13:07 PM
- Freeport CEO Kathleen L. Quirk to Receive The Copper Club’s Ankh Award • Business Wire • 06/11/2024 02:22:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/04/2024 09:39:03 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/04/2024 09:38:50 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/04/2024 09:38:38 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/04/2024 09:38:01 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/04/2024 09:37:46 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/04/2024 09:37:28 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/04/2024 09:36:25 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/04/2024 09:36:08 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/04/2024 09:35:34 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/04/2024 09:34:55 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/13/2024 09:45:10 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/13/2024 09:44:46 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/08/2024 08:39:31 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/07/2024 09:56:41 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/06/2024 08:13:32 PM
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