Large shareholder have no balls OR brains. They left Hesse in office to screw them over! Don't count on them to help out. It's not even their money anyways. It's client's money so they don't care.
If you pumpturds can get it up to $7.25, Mr Son will dump 19% of his stake that he bought at $5.25 for a $1.75B gain. He only needs 51% anyways. This will reduce his out of pocket expense to $10.1B for control of Sprint. Remember, $8B never left his control.
Then he will have is banker buddies in Japan short Sprint to $2.25 and make $5/sh on shares he lends them! Eventually he will own Sprint free of charge at stupid shareholder's expense.
I'll short 1 million shares at $7.30 and ride it down to $5.30 for an easy $2M.
And why aren't THEY buying at this price? Who turns down a "guaranteed profit" as they are promising?
Here's a hint:
They are puppets for management trying to stuff this deal through before shareholders can see what they LOSE.
You're on crack! They MIGHT still have $6B (doubtful) right now. Add $8B and that $14B. The debt is above $22B, so they're still $8B in the hole. Now CLWR's debt and liabilities, and cash burn is working against them too. Add another $4B of debt PLUS liabilities.
The cash will be burned, but the 52.6% more shares will haunt FOREVER! Or at least until a 3:1 reverse split wipes out shareholders.
Read it CLOSELY. What does it say RIGHT after the 55%? I'll give you a hint, the word starts with 'P'.
Because they pay out 90% of their earnings to shareholders.
Sprint hasn't earned ANY money in over 5 years and only pays out to MANAGENT.
That $8B doesn't buy shares from shareholders. Hesse printed new shares to go with that cash. Only $12.1B goes to shareholders to be divided up depending on how many elect the cash option.
What if 90% elect the cash option? Fair is fair. They can't chery pick.
$4.48/share and 10% in New Sprint stock.
What time will he call me?
I don't want the stock because it's been diluted 52.6% and could go bankrupt if Hesse blows the cash and Sprint hasn't changed from the last 6 years.
70% of 3B shares is 2.1B shares.
$5.72 x 2.1B is $12.1B and that's the amount of cash allocated for shareholders!
70% of the shares get $5.72 and 30% get New Sprint shares.
"Why because Sprint is free of debt "
Good grief! They still have $12B net debt with CLWR's added to their liabilities. Sprint alone BURNED $1.235B last quarter alone. And CLWR is burning cash. And Mr Son lives large and will burn cash.
When will I ever see Sprint 3G, let alone 4G LTE?
Great, more shares for the bagholders and they STILL have alot of debt and not enough spectrum or LTE.
#$%$ are robster craws Mr. Son?
Pursuant to the Merger Agreement and upon the terms and subject to the conditions described therein, each outstanding share of Series 1 common stock, $2.00 par value per share, of the Company ("Company Common Stock"), other than shares cancelled and retired at the Effective Time (as defined in the Merger Agreement) or held by Parent and Dissenting Shares (as defined in the Merger Agreement), will be converted at the Effective Time into either (i) with respect to shares of Company Common Stock for which an election to receive cash has been effectively made, subject to the election and allocation procedures in the Merger Agreement, cash in an amount equal to $7.30 (subject to proration),
"other than shares cancelled and retired"
Softdank is paying $5.25 for shares of New Sprint. Read the agreement.
They are paying $5.72 for 70.5% of the current Sprint.
You should be jailed for your lies, or admit that you are ignornt and can'y understand the deal. You F---ers are LYING to the public to sucker them into a guaranteed loss!