If my math is correct, a few short months ago when T sold 15% of AWE to its employees for about $29 per share, that 360 million shares brought in almost 11 billion dollars. Now T is selling 20% of AWE(462 million shares) for 9 billion dollars which is about $19.50 per share.
Please, somebody tell me my math is wrong! Or has CMA AND T BOD perpetrated one of the most deceitful transactions in history upon their own employees and the T investors in general?
By the way, is anyone else having trouble understanding how this sale of 20% of AWE affects the distribution of AWE to T shareholders as was promised by CMA and T BOD? Oh, I guess that changed to, didn't it. Now we get to exchange our T shares for AWE shares; That's if there are enough AWE shares to go around according to their own statements recently sent to T shareholders.
I either need help with my understanding of what is going on with T; Or I need counseling to get rid of my paranoia; Or shame on CMA and T BOD.
I am assuming your a T employee. I have had no success in getting any ans. from Fed. or T on what happens to units in our accts. I have tried for yrs to find out what happens to the div. pd on T stock as to when it is credeted to the units with no results. Roll to MM for time being..