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So, If you announce a deal involving cancelling 20% of shares...

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    So, If you announce a deal involving cancelling 20% of shares wouldn't you expect share price to bounce by 20% rather than lose 16.6667%?

    If not SP bounce, how else does cancellation benefit average SH?

    Is the market response to the deal, therefore, a loss of 36.6667%? What was the alternative?
 
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