More erroneous math ....It's hard to have a seriously constructive discussion when people keep posting bogus math. Case in point: a couple of posts below this is one from Blunoze stating as follows:
"based on a 47 percent ownership of the 30M shares outstanding for ACI and an assumed monthly dividend of 17. 44 cents I would assume around 28M extra income annually. " This is incorrect, for the following reasons: ACI presently has 30 million shares issued and outstanding, that is correct....
In the IPO a total of 16,500,000 shares were sold to the public (non ALA)
Then on Nov. 21st ACI announced that the entire over-allotment had been fully exercised and that those additional 2,475,000 common shares had been sold to the public (non ALA)
So that means 16,500,000 + 2,475,000 = 18,975,000 shares not in ALA's hands
18,975,000 / 30,000,000 =
63.25% of total shares NOT in ALA hands So that means max.
36.75% of ACI's shares in ALA's hands = 11,025,000 shares 11,025,000 SHARES x $0.95 ANNUAL Dividend =
$10,473,750 THAT IS A MERE 37% of the amount proffered by BLUENOZE. BLUNOZE's math is wrong for TWO reasons: 1. He uses an incorrect share count owned by ALA (still propagating the falsehood that ALA owns 47% of ACI when it does not)
2. He incorrectly uses (and states it clearly) $0.1774 PER MONTH as the ACI dividend, when in FACT that is the pro-rated quarterly amount for the 67 days between Oct. 25 and Dec. 31, 2018 (refer to the Dividends section of the ACI website).
So the moral here is, if you want to feel good based on false math, well than have at 'er on this board with all the fake math you can muster, but if you are serious and diligent, well then the ALA picture won't look so pretty....