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Posted On: 02/18/2020 3:27:33 PM
Post# of 36549
Anyone have any editorials on this?
After looking it over for a while, it seems like exactly what Joe indicated on the last call.
I like the 5% max holdings, especially if these guys turn out to be sharks. And the fact that there are 2 of them may afford Joe some flexibility on availability of funds. If one is near the 5% cap, Joe can put some shares to the other, while the first divests some shares. Repeat.
And I like that the investors would presumably be on the same side of the SP as we are. A higher price gives them a better exit value for shares, and a higher price gives their 8% discount a larger $ value.
Anyone see any major flags or holes?
So far, I'm giving Joe a thumbs up on this, assuming the approvals come thru.
Now we need some NGIO capital plan info to drive the price up and bring the cost of these funds down.
After looking it over for a while, it seems like exactly what Joe indicated on the last call.
I like the 5% max holdings, especially if these guys turn out to be sharks. And the fact that there are 2 of them may afford Joe some flexibility on availability of funds. If one is near the 5% cap, Joe can put some shares to the other, while the first divests some shares. Repeat.
And I like that the investors would presumably be on the same side of the SP as we are. A higher price gives them a better exit value for shares, and a higher price gives their 8% discount a larger $ value.
Anyone see any major flags or holes?
So far, I'm giving Joe a thumbs up on this, assuming the approvals come thru.
Now we need some NGIO capital plan info to drive the price up and bring the cost of these funds down.
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