Post by
JCSunsfan on Apr 05, 2024 10:14am
ATM
They still have the ATM option. This sustained period of high volume might be a perfect place to use it. It $50 million, so at the moment about 20 million shares. Brian said if they sell it, it will never be more than 10% of daily volume. And they will not announce it until after it is done (in a quarterly report). So we won't know until it's already baked in. But thr good news is that they will also have another $50 million on the balance sheet.
that is if they do it at all. Florence is fully funded so it isn't really necessary.