I am not so sure about that.
This is how I see the Magna contract working:
Example 1
Swala borrow $100,000
Share price is 50c
Swala provide $105,000 worth of stock at 15% discount.
So $105,000/42.5c = 247,000 shares
Magna Sell for average 45c = $111,150
Magna Gain = 11%
Example 2
Swala borrow $100,000
Share price is 20c
Swala provide $105,000 worth of stock at 15% discount.
Swala provide $105,000/17c = 617,647 shares
Magna Sell for average 18c = $111,176
Magna Gain - 11%
So as you see Magna make the exact same gain regardless of share price. This is why their interest is best served by one factor. Speed. They make the same amount anyway - so they might as well do it quickly.
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