Direxion Daily Small Cap Bull 3X Shares V.TNA

Primary Symbol: TNA

The Fund seeks daily investment results before fees and expenses of 300% of the inverse or opposite of the daily performance of the Index. The Fund does not seek to achieve its stated investment objective for a period of time different than a trading day. The fund invests at least 80% of its net assets in financial instruments, such as swap agreements, and securities of the index, ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or ETFs that track the index. The index measures the performance of approximately 2,000 small-capitalization companies in the Russell 3000 Index, based on a combination of their market capitalization and current index membership. The fund is non-diversified.

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Direxion Daily Small Cap Bull 3X Shares > Would shareholders be upset with $0.70 buyout?

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Comment by malx1on Sep 08, 2022 1:20pm

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Post# 34949863

RE:RE:RE:RE:Would shareholders be upset with $0.70 buyout?

babedinkleman wrote: Great debate here from some very informed posters.

Take some mid-points and add up the numbers:

$23mm cash
$7mm properties
$30mm for card rooms / licenses

$60mm @ 1.31cdn = $79mm

$79mm / 125mm shares = $0.63/sh

Takeover premiums, if offered:

$0.63 x 15% = $0.72/sh
$0.63 x 25% = $0.79/sh
$0.63 x 35% = $0.85/sh

Nothing fancy.

People talking about anything $1+ are not being realistic.

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