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Re: doogdilinger post# 47576

Thursday, 10/01/2020 9:12:30 AM

Thursday, October 01, 2020 9:12:30 AM

Post# of 63074
I’m not expecting any catalysts until after the tender date passes. There would be a desire to reduce the float and push OS into preferred. Best way to do that is keep the PPS below .06.

Personally, I think it’s orchestrated to be this way. Get a 300% return on tender, reduce float, and then RM. It allows the PPs to appreciate faster.

I would think CLX would have to sign off on this restructuring since it’s post LOI.

Since JG holds commons will he tender? Hmmm... Was this preferred C setup for big shareholders? Hmmm...