I’d expect that AERO is accumulating FCCN shares. If so, they should get $7.1Million of tax-free cash after the merger.
There are no restrictions on AREO preventing them from accumulating FCCN stock before the merger. If they accumulated in the sub-penny days, there will be a ready source of post merger, tax-free capital to draw from.
I think that we will see AERO has a large holding of FCCN.
What a brilliant, self-funding growth strategy.
Just the musings of an old duck hunter from NH…Justin.