Lets see how much of a bite Edens and Nardone take of the 20M shares. Both could easily buy
$1 million and not make a dent in personal fortunes. Also remember back around Aug. almost everyone on the board jumped in, if that happens this time we need to back the truck up and load up before the spin off.
While the last SPO was a pleasant suprise because the stock continued to rise, does not one need to consider the added implications of the "stock split/spin-off" scheduled for later this month? Although possibly misstaken, I was under the impression that the current stock was to be divided in half - 50% to NCT and 50% to the "spin-off", which would be managed by Fortress. Does that not have a potential added impact on this most recent SPO?
Don't misunderstand my position, moreover, in that I have been in NCT before it reached $7.00/share yet one cannot help but question the timing of this "offering"...
Any comments on how this will impact the market price either before and/or after the SPO and/or the stock split/spin-off???