Post by
jcw604 on Jan 21, 2021 8:44am
What SIR corp should be to reduce it liability
What SIR corp should be to reduce it liability to the Royalty unit holders is to scoop up as many units of the fund as possible when they are still available in the market below 5 dollars and then announce a buyout at 8 dollars. They still may not get it, but at least they would have quite a lot of cheap units. Each 80,000 shares is 1%. The volume of the market is so low at the current price range. They probably will need to push it up and down to 5 dollars to get 10% of the shares.
Comment by
Fabozzi on Jan 21, 2021 12:13pm
They don't have any $$$$ to buy in the open market.
Comment by
wildrunner11 on Jan 21, 2021 12:17pm
volume today only 884 share, so no one want to sell. Wonder how long the independent valuation will take? Are they even getting it? This is ridiculous, sir Corp by their offer is now manipulating the stock price. Do I smell lawsuit?
Comment by
jcw604 on Jan 22, 2021 10:49am
If they were manipulating the share price, they should be those who bought it back up after the announcement. In any case, they have not been too successful in doing that. The market is now trading at a price higher than their offered price and they have not managed to get many shares at cheap prices.