Shareholder Secondary Offering on April 9th (4.25 mil units) @ $41.29 ( price dropped to $38.25). It tookk appox. one month for recovery of unit price, on May 9th unit price was $42.33. If everything else stays the same we are @ $85.00 by January. Just keeping it simple!
The difference was that the offering in April was to finance a significant expansion that meaningfully added to the company's value. This offering is the company's controlling partner dumping shares for cash, signalling to the market that this is a good time to sell.
Nonsense. They probably need the cash to fund a new startup that will return far more than what they can make from this point in HCLP. The common folk doesn't have access to these types of investments. These guys do. A small blip and on to 75 by year end.