Mcsnacks H TupackLucky2828:
That's 9.00 a share for half of the shares. Not all of them. So the price will only increase to 4.50. But short sellers will have to cover at that price and it will run to 13.00.
Mcsnacks H TupackMcsnacks H Tupack:
Also capital could be one of the short sellers and need about 5 million shares to cover. So this deal would save them because if they bought 5 million to cover their shares on the open market it would cost them twice as much if not three times.
Mcsnacks H Tupack : They are making a financial arrangement with a lender and with their late payments to avoid default.
73743637OP : So PR was right?
Lucky2828 : Just wait for the new, I think it will not release today.
Lucky2828 Mcsnacks H Tupack: Bro, do u think the cole capital new is accurate? They are offerring $9 a share for the minority shareholders.
Mcsnacks H Tupack 73743637OP: yep
Mcsnacks H Tupack Lucky2828: Will probably release in an hour when the banks open.
WeWork (WE) halted, news pending
Mcsnacks H Tupack Lucky2828: That's 9.00 a share for half of the shares. Not all of them. So the price will only increase to 4.50. But short sellers will have to cover at that price and it will run to 13.00.
Mcsnacks H Tupack Mcsnacks H Tupack: Also capital could be one of the short sellers and need about 5 million shares to cover. So this deal would save them because if they bought 5 million to cover their shares on the open market it would cost them twice as much if not three times.
Lucky2828 Mcsnacks H Tupack: Thanks for your advice.
Salmon Klein Mcsnacks H Tupack: master, you really think this is going to run all the way from 0.8 to 13? by today? that will be crazy
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