If figs on yahoo fnce are right there are about 25 million retail shares in the float-- known to be easily scared but we need to see updated #s on institutional holdings.
appears to be under the nav of kyn -- report sez consideration of 2.55 billion for the 110.87 million o/s shares equating to about 23 per share-- the kyn website indicates nav over 25--- question remains: will it be accretive
read the street bit -- if it breaks out over 10.19 with volume around 595,000 shares -- it can then breakout ---or--if it fails the support is 8.44--- the 50 day mvg avg-- if it beaches that it could retest 7.50--- does anyone believe any of the above?
all I can tell you is from my experience as CPA decades:
gaap accounting, expense can be taken when reserved. tax rtn, only when paid.
until they dispose of assets at a loss there is no tax affect ( cole); they need be held accountable to shareholders to provide info on the subject of projected taxable income for the year.