The CR will be confirmation that they are picking up an asset with a current enterprise value well north of $400m for just $240m
Its a CR that adds value.
If it was CR to get some working capital for day to day ops like the last one, then it would likely be the case to see a drop.
Some however may need to fund the 36c purchase with current share sale. That is an unknown.
Just my opinion
Cheers
Good News & Bad News, page-7845
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$2.58 |
Change
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Mkt cap ! $7.768B | |||
| Open | High | Low | Value | Volume |
| $2.70 | $2.71 | $2.57 | $74.99M | 28.44M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 190462 | $2.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.59 | 6931 | 2 |
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