1 Post, then off to drink.Read the news release on the IPO. It is all there. " cash proceeds approaching$1 billion". Notice they did not use the word "approximately", they said "APPROACHING". Why did they use this word? Because it is a bought deal and ALA will receive an already agreed upon, known amount. Say $985,000,000 or so. It is done. The unknown risk? Worst case scenario ALA gets 37% of the shares. Best case is they have 45%. No risk that they don't get the billion $. None! I have been through this twice before. Invested heavily in ECI when it was consumers water heaters and bought hand over fist at the $4.00 mark when everyone said dividend and debt would destroy the company. Sold up near the run to $20. Was bought out for $29. I did the same with dream office REIT. It got beat up really badly and traded around $14 in 2016. I went against the flow, bought heavily and collected a fat divvy. Sold a bunch at 24 and still have a position at 25. Now it is a boring REIT and the shorters have moved from there to here. I have been buying ALA today. My cost base somewhere around $24 ish. I dont really know or care. This stock will be $40 in 18 to 24 months. Same pessimism during my last 2 "value / big dividend" investments. Signals a bottom.