Post by
Predator2018 on Feb 21, 2024 12:33pm
MRT Has Public Float of 13.5 Million Units
Basically, Armoyan can buyout all the public float with his 10% stake in MRC.
An offer of say $6 implies only $81 Million is needed to acquire the minority public float.
Comment by
flamingogold on Feb 22, 2024 11:42am
The question is would Rai Sahi challenge a $6 bid with something higher? Right now, the 2 whales are swallowing up small fry at $5.25-$5.50 until that completely dries up.
Comment by
Predator2018 on Feb 22, 2024 3:54pm
With 1.65 Million units shorted as at last report, the effective float is further reduced to 11.85 Million shares. These shorts would have to cover the loaned shares.
Comment by
pierrelebel on Apr 28, 2024 1:20pm
Two months later (April 15) there are still over 1,629,000 units short with fewer units available in the float. How long will it take for an effectibe "short squeeze" considering that the average daily volume over the last three months is less than 15,000 units. There will be blood on Bay Street!
Comment by
flamingogold on Apr 29, 2024 11:40am
Billionaires Sahi and Armoyan will slowly smoke the shorts for a huge winfall. Smart cookies... they didn't get to billionaire status playing lotto tickets.