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S&P 500
4,967.23
(
-0.88%
)
US TECH 100
16,577.60
(
-2.12%
)
Dow Jones
37,986.40
(
0.56%
)
Brent Oil
86.63
(
0.24%
)
Bitcoin
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(
1.31%
)
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madkapperaz

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madkapperaz

Re: None

Thursday, 12/13/2018 10:41:20 AM

Thursday, December 13, 2018 10:41:20 AM

Post# of 479
The Tender Offer in the "SC TO-I" posted 12/11 is to entice existing warrant holders within the last year to exercise now for a 20% bonus. Doing so increases the share count a whopping 1.6% above what the share count would have been if warrants exercised, and lowers their warrant exercise basis.

The stock is trading at 50% of what the merger was priced at, and nothing has changed with the fundamentals or previous disclosures.

It's a MM buyers market.
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