At the rate acas management works it could take a year to close....or two years or three years or four years.......while they get some more salary and options. More likely, their modus would be to let it drag out two years then change their mind and cancel the sale. That's how the market is pricing this news. Simply pathetic.
Sold for 15% below book value after 4 years of being in a black hole where only management saw light. An excruciatingly long and and painfull screwing of the shareholders.
More total bs. A company doesn't lower it's dividend to justify it's stock sp! Investors don't control the dividend amount by not buying the shares! Totally ridiculous lack of logic. When investors believe in the stability of the dividend and the viability of the company they will bid the sp up and the yield will fall. Moronic to think a company woul fluctuate it's dividend because of it's stock falling out of favor with investors. Simply immature idiocy.
Yep, we just got the "Cramerica buy signal". Now it's time to back up the truck.
"Next big news release from SUNE and Huge jump in share price to follow."
Einhorn just bet $100million that you are full of kaka.
The dead canary in the coal mine should have been when their own yieldco glbl stated sune might go bk. And the smack on the head with a two by four should have been when glbl sued sune to recapture something out of the prepayed India project. Now if the child is taking legal action against the parent to try to get something out of the parents remains, just what is going to be left over for the common? My opinion, sune common will be worth 1/300th at best after this "negotiations with lenders".
In the case of a short (like ckfool) who wants to short glbl massively to bring them down they'd better plan on the worst case scenario for their short. The worst case for a massive short position is glbl paying the full quarterly div. That could amount to tens or even hundreds of thousands of loss for a large short position liable for the div plus the probable huge pps gains with the full div announcement by glbl. With no real prognosis for a bk situation here like sune, shorts should heed the advice to "move along, nothing to see here". They'd spend their time more profitably bashing and shorting sune at 32cents with no dividend liability than plying their wares on glbl.
I disagree. I believe they have the cash flow at current run rate (without paying sune shares dividend) and they know the only thing supporting the pps is the dividend. They do not want to cut the promised div, especially at this time and will do whatever they can to pay it.
First quarter is already over and glbl owes us another fat dividend. Come on ckfool short this dividend if you got the balls.
Let 'em bite into this nice juicy dividend. It'll be a rubbery chew for 'em and they'll choke to death trying to swallow it. Hahaha!
This is already owned 57% by institutions. sune owns approx 37%. What makes you think the bottom feeders aren't already in? If the funds believed it was going down too, it would be at 20 cents right now just like sune, not TEN times sune pps! What your seeing is a risk appropriate pps for glbl. l think you better get off your short soap box and load up on glbl or your moniker will be more appropriately spelled with an extra 'o'; ie, ck fool cn.
That's what I'm waiting/hoping for - the next leg down on sune bk frenzy. However, I'm already set with what I have in the event it pops. I too think the div will be paid.