I do not think that is the entire story now. I think people are putting a higher value on AEXP than MNLU right now, which is a change, flip flop, in the trading patterns. Simply put, MNLU has a lot more debt that AEXP right now, and some are selling into fear that MNLU might fail to raise the needed cash, no matter how far fetched that idea is. It goes like this. IF, and I mean IF (I do not really think it is possible here), MNLU failed to raise the cash, AEXP still has leases and 8% of the well, and Guggenheim has cash and owns 12%? (IIRC?) of the well. Assume MNLU closed the doors, or sold off the well to pay debts, or whatever, AEXP is still left with a lot of leases and very little debt.
The entire idea is silly, I know, as we know MNLU would never let it get that far, but some people must be seeing less risk today in AEXP on that basis, the last 2-3 weeks in fact, as AEXP use to allows be cheaper than MNLU on the 4:1 stock swap merger deal, now it is the reverse.
Ambition with out knowledge is like ship in dry dock. Going nowhere fast!
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
