Of course I realise that the net assets of the company remain unchanged - Neither did I say or allude to the fact that a billion disappears.
However you mention the share price should go to $2.88 from a $1.90.
I think the share price should remain unchanged.
The current $1.90 is taking into consideration that a billion is in the bank.
Approx one third less shares without the billion should still equal $1.90
a share buy back, page-9
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