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Saturday, February 17, 2024 10:47:38 AM
Tony appears to be talking about reducing the OS by cancel shares in CERT form.
That wouldn’t reduce the float, but it would reduce greatly the possibility of it increasing dramatically.
Cancelling 3B would mean only about 400MM could hit the market in the near term, if that.
I could the Busch boys going for that and surrendering their 445MM or shares for Preferreds.
It’s harder to deposit shares today, especially below a penny.
Happy Saturday!
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