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Re: sunspotter post# 130299

Thursday, 05/23/2024 7:31:40 PM

Thursday, May 23, 2024 7:31:40 PM

Post# of 131269
It probably makes sense at any market share price over the option price and by doing it now they start the clock on long vs short term capital gains. It is still a way to triple your shares as a hedge, and maybe they are doing that to simply triple the cash they might need for spending right now. There could be several reasons that have no nefarious or underhanded intentions at all.
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