AI
Friday, November 09, 2018 9:14:28 AM
WOW
1st-Companies issue primary common equity through an IPO
2nd-Companies issue primary common equity through a follow-on offering
3rd-Treasury sells remaining equity interest via secondary offerings
4th- Agree terms to partially equitize JPS
Talk about getting diluted into oblivion. I am now almost certain this is why Ackman started a pfd position. The dilution is going to be catastrophic.
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