GREY:PGDIF - Post by User
Comment by
ekimon Jul 17, 2017 11:13am
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Post# 26476369
RE:RE:RE:RE:RE:Washington buys DDC
RE:RE:RE:RE:RE:Washington buys DDCNot much of a sweetened offer by any stretch and the point at which they exclaim the premium:
The transaction represents a 44 percent premium to Dominion's unaffected share price of US$9.92 on March 17, 2017.
...is really at a lower point where DDC considered it undervalued and continued to buy back shares...and DDC considered to buy back shares under the US$13.50 original price because the retail market still didn't believe in it. Dennis Washington must have been loving all the buy backs. Just reduced the amount of paper on the market. They were letting DDC buy shares for DW at a slight discount.
Then you have ADD.
Strike out with redemption.
Consolidate
Raise equity cheap in 2016 to reset the company.
Hire a Promotional firm to push the name out.
Create a news event (finland for shares)
News event creates liquidity and a chance for some of those cheap equity shares to exit the window as retail tries to get sucked in.
Throw in a halt just for the kicks of it.
Share price goes up, share price goes down.
LONG...PGD
EKIM