Very interesting to see that much interest in the merger without any influence on the market share price.
The rational for the merger is ok to me BUT the problem is the % owned by actual stockholders as an end result.
Other interesting factor to consider: short interest.
How in the world short interest does not stop going higher? As of this morning it is standing at 14,95% short interest. At this rate, there will not be any share available soon to short!!!
But who is benefiting from that short interest and who could possibly do it?
Rules actually are about 2$ in value to short 1 share. So who is able to use over 200M$ simply to short a 1,64$ dollar company?
Who is benefiting from this?
I really hope that Cerberus is not behind that short attack that has ruled for more than a year now hoping to gain traction in the price rational.
If not them? Who is behind?
Hard to believe that a 2,50$ stock (based upon value post merger and rounded) + 18 cents per share cash, is still trading at 1,64$.
This is purely non sense and so far i still recommend to vote NO to this merger.
Also interesting to visit is the following site:
https://sites.google.com/view/voteno2merger
The rational for the merger is ok to me BUT the problem is the % owned by actual stockholders as an end result.
Other interesting factor to consider: short interest.
How in the world short interest does not stop going higher? As of this morning it is standing at 14,95% short interest. At this rate, there will not be any share available soon to short!!!
But who is benefiting from that short interest and who could possibly do it?
Rules actually are about 2$ in value to short 1 share. So who is able to use over 200M$ simply to short a 1,64$ dollar company?
Who is benefiting from this?
I really hope that Cerberus is not behind that short attack that has ruled for more than a year now hoping to gain traction in the price rational.
If not them? Who is behind?
Hard to believe that a 2,50$ stock (based upon value post merger and rounded) + 18 cents per share cash, is still trading at 1,64$.
This is purely non sense and so far i still recommend to vote NO to this merger.
Also interesting to visit is the following site:
https://sites.google.com/view/voteno2merger
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