Post by
Torontohomer1 on Jan 19, 2021 6:14pm
Unusual volume
Here is my theory:
Equinor agrees to sell its 100,000,000 shares back to ATH for $.18
Meanwhile it has been buying up the bonds at half price.
ATH announces the sharebuyback from Equinor. Stock returns to $1.00
ATH on solid footing.
ATH anounces new bond, bond repayment.
Equinor make $200,000,000 on bonds, $18,000,000 on the shares.
Still up $218 milion compared to the $147 million shares were "valued at" when they sold Lesimer to ATH.
Comment by
lovehockey on Jan 19, 2021 6:18pm
Problem with this theory is ATH wouldn't be able to buy 20% of its stock as part of buyback problem. The maximum allowed is 5% of total or 10% of the public float.
Comment by
Eigen337 on Jan 19, 2021 6:24pm
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