Is it just me?I actually really like this deal. $1.75 is at par or maybe even a premium to the VWAP.
A fully BOUGHT DEAL from Cantor Fitzgerald. I worked for investment banks for the majority of my career. They only guarantee that type of cash in a speculative stock if their instituional clients are busting through the door to take it off their hands (so that Cantor knows its not taking the risk)
I like to "follow the smart money" - institutions are asking to load up at $1.75 = I just became a lot more confident with my position in CRE