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ProShares Short SmallCap600 T.SBB


Primary Symbol: SBB

The investment seeks daily investment results that correspond to the inverse (-1x) of the daily performance of the S&P SmallCap 600 Index. The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the funds investment objective. The index is a measure of small-cap company U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 600 U.S. operating companies selected through a process that factors in criteria such as liquidity, price, market capitalization, financial viability and public float. The fund is non-diversified.


ARCA:SBB - Post by User

Comment by Mack100on Mar 17, 2023 7:54pm
76 Views
Post# 35346303

RE:RE:RE:RE:The BS B2 leash

RE:RE:RE:RE:The BS B2 leash The issue I have with the BOD is that their recommendation to accept the BRO offer must have been based on actual concerns they had (which were not disclosed to any of the SBB shareholders) about the ability of SBB to bring the mine into operation. They must have come to the conclusion that they significantly underestimated expenses, or that there were technical issues that would prove more challenging than anticipated - I mean, they know they are in a remote location, they know that there are inflationary pressures and so on, but we were told that they had taken all of those factors into account when they arranged the financing. So it may well be true that this is the best we can do given those realities - my concern is that those issues weren't disclosed (and still haven't been) - it seems a bit disengenous to be touting how great the financing package was that they put together, how great their managment team is, how the mine construction is progressing on time and on budget, if in fact that was/is not the case and they are now trying to find an escape route so that it becomes someone else's problem.  Why else would they have recommended this offer? Why don't they just build the mine using the financing they have in place, like they have told us time and time again that they would? That is my question
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