A-hchemm, those are bulls in bear costumes that beat the price down. And I am thankful when they arrive when it is convenient for me. Emphasis on 'convenient for me'.
[I wish those guys would consult me first]
What if there is no spo for another 6 months and u miss 2 additional divs while the stock steadily appreciates as well?
Seeing their recent accounting brouhaha they may have to wait 6 or more months for the dust to settle before going for an spo with a straight face.
I'm sure you can handle the math to back into what the pps needs to be in order to make the spo attractive (i.e. less than market) to a potential buyer, while also taking into account as assumed 3% discount!