The shares owned by the Quill (Millers) owners were issued from the current shares authorized, when the transaction was completed. These are NOT new shares.
The secondary offering is the notice and registration necessary to sell these shares. It does not mean that they will trade all at one time. It would be inthe Millers' interest to see that the shares are sold in an orderly, metered manner so as to not tank the stock and shares they have remaining after the first increments trade.
the Secondary Offering, which usually means more outstanding shares. I guess they will issue the shares to MSDW & Goldman Sach and they will issue them to who ever wants them for a commision at market prices.
is correct however,they are for all practical reasons new to the market.it is alsocorrect that it is in the interest of all concerned to sell these shares in an oderly manner,however, the brokers really want their commission and would not be too careful which way the stock goes.Lets hope that the institutes would pick these up.The floating shares would increase so the price would be a little cheaper for a short time,I think of course all this is what I think and could be a little of.Just an opinion.Good Luck
while sounding like a lot of shares, and it is-normally, it amounts to nly less than 4 days trading volume for SPLS. Also, a smart broker handling this trade wants to do what is best for the client and not be branded as a dumbs...t. They hope to get more business from SPLS. Also, if they sell them in one day or 10 days, they still get their commission. So, IMO, the 12 MM shares is a nonevent in the medium to long term.