Post by
Laruch12 on Sep 16, 2022 12:55pm
Here's the problem with spinout vs Salt sp downdraft
you get 1 for 4. Spinout lists say at 20 cents. Meanwhile 4 times more atlas shares trade at least that 20 cents lower. By the way, tpr is raising cash in private sales at 20 cents a share.
Comment by
Scionxb777 on Sep 16, 2022 1:03pm
Do you have any proof of this pre IPO sale ?
Comment by
TeamEddie on Sep 16, 2022 2:39pm
yes and a good % will sell TPR instantly so odd conundrum
Comment by
Laruch12 on Sep 16, 2022 3:10pm
not odd just shitty for shareholders. Atlas needs to prop this sp up with some more pr, a stellar FS, and potential suitor info re a buyout. Holding but not happy these days. Should stop watching and come back to see where it's at come January.
Comment by
TeamEddie on Sep 16, 2022 3:12pm
yes it is an odd conundrum if a person is not willing to buy today they sure as hell will not buy Monday and we sell off with no news
Comment by
Laruch12 on Sep 16, 2022 3:20pm
not a profitable choice to buy before the spinout. 1 for 4 is a guaranteed loser as I posted earlier . Would have to buy a truckload of shares just to get one quarter of thT in the spinout , listing for pennies . Sell it all for a few hundred bucks profit on tpr and lose 4 times that amount on your salt shares. That's why no one is buying in the run up to spinout.
Comment by
TeamEddie on Sep 16, 2022 3:23pm
you realize SALT was the exact same situation has traded at $4.5 and VUL not over .50 proving your theory wrong
Comment by
Laruch12 on Sep 16, 2022 3:30pm
in the salt and tpr scenario salt is the vulcan and tpr the salt except the salt domes while real are much more speculative as h2 storage is years away. Anyway holding Salt is still worthwhile IF and WHEN they move on with that development, ie the FS ; a decision to build and produce ; and/ or sell the company to the highest bidder. Just get on with it Atlas!