Post by
Mario79 on Feb 12, 2021 2:42am
Here is a point to consider
With GBLC.c shareprice closing higher than DM for the first time yesterday and owning 25% is huge. Why? DM can buy back 25% of its shares as long as GBLC price is higher than DM. Imagine if DM's float is 25% less this would have a huge impact in its share price. By holding shares in GBLC does not seem to have an effect on DM's share price. DM's management should consider at some point if GBLC continues its ascent to sell its position to buy back its shares as this will have a much greater impact on DM's share price than actually holding them. JMHO.
Comment by
Resilience19 on Feb 12, 2021 5:20am
By the same token, if C-19 tests are to generate the cash cow level of revenues we expect this year, buying back a healthy portion of DM shares may also make good sense, in lieu of doing a RS -especially if C-19 revenues were not to move the sp needle as much as should be expected.