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flipper44

09/17/20 9:02 AM

#308386 RE: flipper44 #308368

My speculation is this will increase in October, but a buyout in November would still be too low (because it would not take into account Direct), therefore, my thought goes, those exercised warrants in November won’t decrease the PPS, because BP will double the offering price and keep PPS the same it was at the end of October. That way the premium will look historically reasonable, but with a huge asterix that it was actually double (to account for Direct). Just guessing.