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Re: NewJerichoMan post# 23154

Thursday, 01/19/2023 8:25:13 PM

Thursday, January 19, 2023 8:25:13 PM

Post# of 32230
The market rarely reacts immediately to "clean up the balance sheet" transactions.

However, I find them powerful when talking about shell companies or other acquisition candidates.

A prospective acquirer (or r/m partner - same thing) doesn't give a shit about how many shares are out. That is not their problem. However, they DO/WOULD care about any debts owed in cash, as those WOULD be their problem.

If I could afford to buy all of them, I would not need to buy any of them and I sure wouldn't be spending time on the message boards!