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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 May 27, 2007 7:57pm
194 Views
Post# 12847465

60M new shares being issued

60M new shares being issuedYou might be interested in seeing the figures for the new shares and warrants that are being issued in connection with the financing of the deal with Capstone. There are 16.09M new shares being issued in the brokered deal and 2.0M and 4.03M new shares being isued in the non-brokered deal. 748,000, 120,000 and 240,000 shares are being issued as commissions. A total of 12.8M warrants are being issued at prices well below current market. Also Capstone is being issued 19M new shares. In total, about 55M new shares are being issued to make the Capstone deal happen. Silverstone is about to issue more new shares in conjuction with the warrants that are about to expire. The new shares are frozen until August 5. At that time about 23M new shares will be released to be sold on the market in addition to the warrants expiring next week. Silverstone will now see their fully diluted share count jump to over 100M shares. It was a costly deal to make this silver giveaway with Capstone. Silverstone had to more than double their fully diluted sharecount to make it happen. JMHO
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