RE:RE:RE:RE:RE:More downward pressurejdsd0517 wrote:
Most likely scenario is that the selling shareholders are continuing to take money off the table and this is (and has been) putting pressure on WELL stock.
The OP's assertion is only far fetched if you have a WELL fetish. To a reasonable business person, it makes perfect sense.
This board would be so much better if it had a little more rationality, and a little less "mean girls say that all the cool kids in the cafeteria love WELL stock no matter the price" vibe.
rationality, preceded by your
assertion that the "most likely scenario" is that MyHealth vendors are selling all of their stock and it is putting pressure on the share price? and my position is not well thought out, but you think they are selling $94MM in stock received at a *massive* loss to buy cottages and cars? even after receiving the windfall of cash consideration with the buyout?
I'm ignoring all of your scenarios because they just simply don't overcome the magnitude of the loss vendors would take by selling their stock. I stated that nobody here, including myself, knows how many shares the vendor has still. they are not WELL insiders. but my personal opinion stands that no vendor dabbling in this level of M&A takes their share consideration at $9.80 and blows it out in a firesale in less than 1 year from closing. even with this level of poor share price performance we have seen.
the vendors still work at WELL and run MyHealth. if they were that bearish on the company they would have taken their money and ran with a cash sale which was an option. they agreed to WELL's deal so they could stay on, grow the company and participate in the equity upside. they need their shares to participate in that.