With so few of the float shares available on the open market plus the number of shares short, the pps logically should be in the $10 range. But as someone told me once upon a time the stock market is not a logical place. Think. Great news comes out and pps will go down, bad news comes out and the pps goes up. Doesn't make sense does it.
Over 85% of Sprint common stock is owned by Softbank, insiders and institutions. Supposedly the assets: spectrum; wireless and stores are worth over $150 billion dollars and the pps is much less than$4/share. doesn't make sense. Think about it.
I'm in the red, but If I had any more money I would buy more S. I expect the pps to exceed 6. With most of the common shares held by SB, insiders and institutions there is no way to tell where the pps will go.