RE:RE:RE:RE:RE:We will be at ZERO by NovemberIf the assets are good steady payers, which as utilities they probably are, then there is no need for ALA to accept much of a discount, if any.
prostocker wrote: So...clearly this stock has become a play-thing for shorts on the basis that the IPO will occur at a discount and dilute ALA shareholders. Does the management not see this? Any benfit you thought you would get by spinning this off has already been outweighed by the hit you have taken, no?
Sleepy old Cornhill and banker buddy Tim Watson both need to anounce that the contemplated IPO was only one alternative they were looking at, but its now on hold indefinitely and balance sheet focus remains on asst sales. And on that front, you got called out by analysts for doing the last sale at a loss. It needs to be clear that remaining sales will be disciplined.
But c'mon guys, you don't issue stock or pursue a spin off when your company is getting pushed around hard. It just shows that you don't give a sh*t about your own equity (and so why should shareholders.)
The good news is that the shorts will have to cover (they're probably up around 20% already so they will take their money and run if it looks like the game is up) but you're going to permanently lose fundamental investors if you don't smarten up.
Losing patience fast.
Enough is enough.
Wake up and push back!!