TSX:AX.PR.E - Post by User
Post by
garyreinson Nov 02, 2023 9:15pm
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Post# 35714991
The plan looks like.....
The plan looks like.....Simply crystalizing all the assets individually as they are doing, probably some big portfolios up for sale now discreetly too, offering up a SIB when they have enough $ to pull it off, and depending on market conditions where the unit price is at the time. So theoretically they can buyback lets say 20m shares before Jan at $8.00.
Now I dont know if this is to give sandpiper and all big investors exit liquidity (i.e. returning money to shareholders) or its goal is getting the public float a lot tinier for the inevitable full buyout. Either way it makes sense to me. why pay $10+ for a share when they can get it much cheaper
SELL IT ALL AND MOP UP THE FLOAT.
CC will likely iluminate more intentions