A 20% discount to the VWAP starting in around a week or so. Management think with an announcement that the price will rise. But if they leave it last moment there will a massive dump in my opinion.
The buy side is so thin that it may even fall to 1 cent before the 20% discount is applied.
Dilution spirals are the cause of wealth destruction for many market participants and Azure should have not fell into this trap.
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