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Skinny Mulligan

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Skinny Mulligan

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Monday, 07/03/2023 4:41:50 PM

Monday, July 03, 2023 4:41:50 PM

Post# of 3284
Something's coming. In addition to the two issuances & tax plan just announced. Posted about them on ST. Sure don't have it all figured out. Especially, why is the company selling other shareholders' stock as an issuance???

In any case, the Preferred issuance is detailed in appendix C of the tax plan release. EFFECTIVELY $4/sh. You must own common stock on 7/11/23 to qualify. You can't even guesstimate how big/small issuance (right conversion) will be; but ceiling is $400M. If they sell any of this, proceeds would actually be anti-dilutive to current shareholders. But I can't find the justification for the insane premium they are charging.

I am bullish for the first time in AGES.
Bullish
Bullish
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