RE:Market Cap vs SPGlad you got a chuckle, but I was just too dang lazy to do the math for others too dang lazy to do it themselves. Couldn’t get buyers at $16.50, or $15.50, was the story. Market had to decide the value (which we knew was there), and their gonads were being squeezed. That’s the market for you, and the incompetent wimps making the arrangements. We kept 38% of it, so it’s not a total loss. Not much comfort, but some.
Ogopogo007 wrote: Sadie222....I get your sutble humor...ask for MC and you post SP...in fact I giggled almost all night over it. Or maybe the Raptors winning . Close to the same thing.
MC at IPO was $399,112,500
MC today is $636,102,750
Why was $237,000,000 left for the market to discover instead of returned to shareholders of ALA at IPO ?
Yeah...I know the ALA Chief Apologist will drag their knuckles off the floor and onto a keyboard and blather on about how they IPO'd on the new moon phase and gravitational pull was significantly reduced so those that write IPO cheques couldn't press down hard enough to write bigger numbers.Or some similar, silly excuse.
Bonus's for all...job well done