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SPDR Portfolio Short Term Treasury ETF T.SST.U


Primary Symbol: SPTS

The investment seeks to provide investment results that correspond generally to the price and yield performance of the Bloomberg Barclays 1-3 Year U. The fund invests at least 80%, of its total assets in the securities comprising the index and in securities that the Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The index is designed to measure the performance of short term (1-3 years) public obligations of the U.S. Treasury.


ARCA:SPTS - Post by User

Post by firecracker19on Feb 23, 2007 7:17am
179 Views
Post# 12295022

Severe dilution

Severe dilutionSilverstone is issuing 19M shares of stock to Capstone and they are issuing another 21.5M shares to borrow $26M. They will give $20M of that to Capstone. They will end up with $6M in cash and they will issue over 40M shares of new stock. If the warrants are exercised in JUly Silverstone will now have 88M shares outstanding.
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