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.

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SPDR Portfolio Short Term Treasury ETF

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Post by firecracker19on Apr 14, 2007 7:35am

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Post# 12607327

Amazing dilution

The amount of dilution that is going on here is amazing. Silverstone just issued 22.8M new shares, 11.4M new warrants and 19.1M special warrants. In addition, the previous warrants that expire soon will be exercized. The fully diluted share count should be well over 100M shares now. These new shares can't be sold until August 5. I wonder what will happen in August when these 22.8m new shares can be sold plus all of the $1.80 warrants start hitting the market. I don't short stocks, but this sure looks like a great short candidate. JMHO

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