The 30 million shares were placed ona basis of 75 cents, not 70 cents. Not that the nickel difference matters that much, but......
Some had suggested that the 30 million shares made their way to retail. I have not been able to see trading volume that would reconcile that difference when movement of stock involved with Russell rebalancing is figured in. Maybe the shares did get placed with retail, but the current trading volume doesn't add up to placement with previous PPHM trading patterns. In the past, it would not have taken all that many shares to walk the pps back down. Now millions of shares are trading and the pps is sweeping across price ranges every day. Do those observations mean something?
Best wishes and IMO.
KT
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