Post by
SNAKEYBOY on Jun 17, 2022 9:41am
WHY HOOPP BUYING THIS OUT IS NOT FAR FETCHED
3.1 billion in assets, 2.2 billion in equity, 900 million in debt.
2.2 billion in equity, with $11.00 share price (let's assume it gets there on weakness), that's 1.1 BILLION in market cap trading. They own 25% which means they need about 750 million to privatize the remaining float....add a 25% premium to market price, they buy it out for 1 billion and a 30% discount. The question is, why haven't they already?
Comment by
riverrrow on Jun 20, 2022 10:08pm
The HOOP investment team are a lot smarter than we are. GLTA.
Comment by
Frankie10 on Jun 21, 2022 10:49am
Lol, I take great offense to this.