am I alone it that thinking? Seemed like it took a week to determine the final offering price. Also though it came close interday yesterday the stock never hit $14 even which is the established offering price. Quite the haircut from $17+ as well.
You would think $14 would be a steal and it will be interesting to see where we open and if the stock follows the overall DOW (which should finish in the red today after recent run-up's).
Could be a very interesting day. I've placed a buy order at $14 even so we'll see if we get there.
Strange, but not mysterious. The MMs had to put their hedge on before they could create the shares (which they are then holding until they can sell them off).
I do think the company got played though. Here we are at $0.50 above the offering price and I doubt the company will see any of that bump. Free money for friends of the MMs who can just flip the stock at the market for a no-brainer 3.5% gain. Pretty shameful if you ask me.
In any case, it's quite obvious that Colm needed $150M and exactly $150M. When the price dipped to $14 from the originally announced $16, the share count went up to make the offering worth $150M again. All signs point to the fact that they have a specific deal waiting in the wings for this cash infusion.
complain complain, when you are not happy, you have the option
to sell and move on, but no, your misguided brain is so twisted from
listening to airlease BShtt over the years, you guys are braindead losers.