OTCPK:PALDF - Post by User
Post by
Goldbug52on Apr 04, 2019 10:33pm
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Post# 29585547
B-Boy, what am I missing?
B-Boy, what am I missing?After a cursory read of the news release, I don't see any dilution whatsoever. The way I understand it is that Brookfield is selling part of their holdings, leaving it with 81% instead of the 91% it had before this transaction. I think if they had tried to sell all those shares on the open market it would have tanked the price of the shares to a lot less than $13. They're just an investment company and want to get as much as possible out of it. There is no easy way to dispose of 60 plus million shares when the stock is so thinly traded. I don't believe it was ever their intent to hold those shares in perpetuity. Those percentage numbers above are off the top of my head so they may be a little off. Someone, please correct me if I'm wrong.