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clock Created with Sketch. 04/05/21
16:08
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Originally posted by Firezone:
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I've been watching and reading all the commentary since the capital raise was announced. Effectively, the board have doubled the retail offering, as opposed to the sophisticated and institutional offering, and yet there are individuals complaining about it. The current SP is what it is. Look at the motive behind the offer, it was for the benefit of retail shareholders who have supported the company. If it was the other way around, I have no doubt that the very same individuals would still complain. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. EXR is the kind of stocks that validates our investment strategy of long term holding in quality companies .DYOR Remember, keep it real.
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My understanding with S3 Consortium is that they buy early on, cheap, then after significant capital appreciation, look to free-carry as soon as practicable, then hold the remainder long term. So no real surprise to see them sell down to reach their stated investment objective.
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