It looked at the services business last time around when it was for sale in 2019 – now it is expected to reap a price of about $300m.
Does this mean the LLC service business is up for sale at $300m. If so with SSM market cap at $350m, that means one whopper of a capital raise for SSM.
Is this the reason the share price of SSM is also continuing to drop, and maybe as a heads up for current shareholders, are you prepared to invest significant additional capital when the cap raise occurs (and also will you be able to given that a retain investor can only invest max $30k in capital raise) ie if the capital raise is significant, it will be at a large discount to current share price, yet if can only invest $30k and one has say a $200k exposure, one is at risk of not being able to fully participate.
Market is sensing this and pushing down the share price??
SSM Price at posting:
85.0¢ Sentiment: None Disclosure: Not Held
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