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FLY Leasing Limited Message Board

  • beefstu57 beefstu57 Jul 12, 2013 8:52 AM Flag

    Strangest Offering I've Ever Seen..

    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.

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    • 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.

      My order is in at $13.85.

    • might not get there. No reason for market makers to kill the sp anymore. Never know though.

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