RE:The selling pressure will be immense upon IPO. What makes you think the stock woll
plummet on the open. That sounds ridiculous. I can see pressure till then but with such limited float for a big company not sure how the price would tank.
WEF holds 99.7 percent of the Current Strathcona shares or about 195million shares of merged company . Their employees own .3% of this shares or about 528000 shares when company trades. Pipestone shareholders will have 19 million shares and most of that is riverstone and gmt.
With three months till the new shares trade, weak hands will get out putting pressure on shares, but people wanting exposure to limited shares of the new company should be there to fiill the sell orders.
WEF intends to be a long-term shareholder in Strathcona and has no intention to divest of any of its AmalCo shares in connection with the Transaction.
GMT and Riverstone aren't selling anytime soon or they never would have accepted this market offer. I believe they are in it for the long term.
like I said before, I believe the company will announce another all share takeover of a bigger than pipe company and use those shares to increase the float without increasing debt.
not sure how this is going to play out but I'm a glutton for punishment and am going to see this through. Hoping there is interest to get into this low float company.