Yep, so all options are on the table & a CR is possibly one of them, but only one of many options being considered. Asset sales I would say are fairly assured & a structured finance transaction could include a convertible or something of that nature. So its probably more unlikely that a CR than the other 3 or four options being considered which wouldn't result in dilution, or not initially at least anyway.
Announce a decent asset sale, raising $2Bln or so & then if need be raise a billion off the SP spike.
Why play into the hands of 100 million short shares?
They are playing a game, but STO actually have the cards and can call their bluff.
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Yep, so all options are on the table & a CR is possibly one of...
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Last
$7.55 |
Change
0.070(0.94%) |
Mkt cap ! $24.52B |
Open | High | Low | Value | Volume |
$7.52 | $7.55 | $7.45 | $49.37M | 6.568M |
Buyers (Bids)
No. | Vol. | Price($) |
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3 | 109504 | $7.54 |
Sellers (Offers)
Price($) | Vol. | No. |
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$7.55 | 11885 | 3 |
View Market Depth
No. | Vol. | Price($) |
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1 | 3680 | 7.530 |
6 | 114022 | 7.520 |
5 | 54208 | 7.510 |
2 | 19980 | 7.500 |
1 | 2000 | 7.470 |
Price($) | Vol. | No. |
---|---|---|
7.550 | 984 | 1 |
7.560 | 15031 | 5 |
7.570 | 61427 | 3 |
7.580 | 50212 | 2 |
7.590 | 3200 | 2 |
Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
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Last
$7.54 |
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Change
0.070 ( 1.08 %) |
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Open | High | Low | Volume | ||
$7.52 | $7.55 | $7.45 | 1464580 | ||
Last updated 15.59pm 07/05/2024 ? |
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Peter Batten, MD
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