Post by
SNAKEYBOY on May 04, 2023 7:52pm
WHAT IF..
Only 4 million out of 12.5 million wanna sell. Can sp trade higher than 15.5 before the official buyout ?
Comment by
CANCDN on May 04, 2023 7:59pm
Of course... it trades as usual with a 15.50 backstop. I think it trades up to 18-19 becaue forward FFO is now .49c a unit as well as shorts are going to try to cover.
Comment by
SNAKEYBOY on May 04, 2023 8:05pm
Can you show the calculation to get 0.49. I calculated much higher but not that high.
Comment by
CANCDN on May 04, 2023 8:50pm
51 million shares minus 12.5 shares equals 38.5 shares remaining. 18,875.000 FFO this Q. Assume it doesn't change (it will). 18,875,000 / 38,500,000 units equals 0.49c per share once SiB abd this equals short destruction