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Post# of 145668
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SC777

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SC777

Re: chapmac post# 17403

Tuesday, 07/17/2018 12:29:57 PM

Tuesday, July 17, 2018 12:29:57 PM

Post# of 145668
If it's a stock buyer, they might have an interest in suppressing PPS if they don't want to pay too much of a premium above current level (i.e., the stock buyer will also buy out all of the debt as well) - so assume:

$63M for debt buyout.
130M shares x .055 cents = $7.2M. Total = $70.2M


Maybe they are only offering say $75M total for the buyout.

If PPS were to run to .25 cents before July 31, that would add a whopping $25M to their potential buyout offer. SO it's in that potential buyer's interest to keep PPS way down.

Get it?
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