At $4 forthe shares it is less than buying pressure would raise the shares to on the open makrte if they acquired that number also it offers more capital at that rate.
can u imagine trying to buy 7 million shares in the market with the low volume. what will the average price be? forgit that steel didn't has permission from MLNK. It was a good deal for steel
The real reason Steel bought common stock from the Company is that cash is required to acquire/expend the business and use the NOL carryover…see my discussion in "the plan" post.
Open market = cash to investors
New stock = cash to Company = turning NOL into real money=bigger increase in value.
Me thinks there's something afoot.....
because MLNK would not grant Steel partners an exemption from the plan adopted to preserve NOL (poisson pill)