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Re: ramfan60 post# 413382

Wednesday, 08/02/2023 9:20:18 AM

Wednesday, August 02, 2023 9:20:18 AM

Post# of 429588
Ram, you will care when they convert their Preferred Shares during the sale, and dilute the stock price DURING the sale. So even if ordinary shares get to $10/share on the open market, they might be worth $6 in a sale.

Now it's becoming clear why Sarissa is keeping the share price low. It's so they can issue Preferred Shares to themselves dirt cheap, then when they eventually sell the company, they convert them at the sale price into ordinary shares at a pre-determined multiple and make a fucking killing.

Financial engineering at its finest.
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