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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 Maxmoeon Mar 24, 2023 11:13am
45 Views
Post# 35358614

RE:RE:RE:RE:RE:Careful What You Wish For......

RE:RE:RE:RE:RE:Careful What You Wish For......It also means the votes needed to block are only 33% of votes cast, not 33% of shares outstanding. A much lower hurdle than the 66.7% needed for the yes side. Hmmm, about half ? I owned HBC when it was privatized. They tried to steal it with an opportunistic lowball bid but to their surprise those complacent institutional shareholders voted NO, heck NO, and GFY NO. All SBB needs is the equivalent hedge fund investor that takes down a strategic block of stock and presses for the NO side forcing a higher bid. When HBC threatened to pull their bid and drive the stock to a big discount below their bid, I bought more. So did a lot of others. Totally backfired. Watch for BTO to leak a thinly veiled "threat" to walk from the deal and their social media shills to screech and try to scare retail investors! Then we'll know we are winning. BTO and the pro BTO bid are getting daily shareholder vote counts. If the no vote starts to trickle in over 30%, they are going to panic. 
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