RE:85 % shares in market float are short..fundtrader wrote: What happens is appolo takes this out for 50 $ us a share...I think some of them will jump off a roof. Too many fake articles and junk posted about this company. The reality is that they are going to make 6-7 $ a share in 2016. Thats huge for a stock this cheap...I would suggest that new owners start chipping away at this 10 % postion at a time. I think Longs should also put up their shares for sale for 60 - 70 $ and put a date 2 weeks down the road, so shorters cant usually borrow your shares to short it further and also prevent them from covering cheaply
1) Appolo won't, and USD $ 50 would be a premium of 177% or
$ 2.5 billion just for the equity. Then there's the other $ 3.3 billion for the debt.So they would basically be boosting the EV from a current $ 4 billon to $5.6 billion just to satisfy the grumpy shareholders ? They have deep pockets, they're just not stupid enough to pay this kind of money on a low-growth company.