RE:RE:volume todayHotDiggityDogg wrote: Do you think the market will response with a pause on the sell off ? ( if circle option is excersized ?)
it's anybody's guess.
I just hope they announce a successful closing of the debenture offering and then specify what they are going to use the $$$ for. If it's a growth initiative I think it would be received well by the market.
note they are fully funded on CRH and MyHealth already. both companies have senior debt financing and $280MM of undrawn credit (as per the Q3 conference call). so my guess is the funds are not for those businesses? that's what led me to Circle. Hamed also mentioned the Circle call option on the Q3 call...
alternatively - maybe the money is for CRH/MyHealth, but for a use that would not be permitted on their credit line(s). something like the CRH clinics, which were also announced on the Q3 call.