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ProShares Short SmallCap600 T.SBB


Primary Symbol: SBB

The investment seeks daily investment results that correspond to the inverse (-1x) of the daily performance of the S&P SmallCap 600 Index. The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the funds investment objective. The index is a measure of small-cap company U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 600 U.S. operating companies selected through a process that factors in criteria such as liquidity, price, market capitalization, financial viability and public float. The fund is non-diversified.


ARCA:SBB - Post by User

Comment by AlwaysLong683on Apr 04, 2023 5:35pm
101 Views
Post# 35379746

RE:RE:RE:RE:RE:For Those Who See Conspiracy Theories Around Every Corner

RE:RE:RE:RE:RE:For Those Who See Conspiracy Theories Around Every CornerHeywood, here are some "facts" you may not have considered:

There has been considerable dilution of SBB shares - at least partially the result of equity raises needed for the mine build:
559M total shares outstanding as of now.
How many shares outstanding was there way back when the share price was higher?
I bet a lot less.

Current Market Cap:  over 1.2B
Similarly, what was the market cap back then when SBB share price was higher? Again, I bet a lot lower.

If you think that a current market cap of 1.2B is way too cheap for a company like SBB starting to build its first mine with no source of revenue until first pour in a location with a very harsh climate, you're delusional.

Like I said before, shareholders like you are asking for trouble with a "No" vote, but the largest shareholders with the most to gain/lose along with the analyses by ISS and GL will almost certainly save you from yourself by producing a "Yes" vote and closing the deal as is.

P.S. If you seriously think SBB would currently be trading well in excess of 2.00 per share if the BTO offer didn't exist and mitigated the risk of SBB getting into financial trouble as it proceeded with the mine build, you're kidding yourself IMO.




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