Hey TC, overall I agree with you except the part o
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Posted On: 07/05/2019 11:58:56 AM
Hey TC, overall I agree with you except the part of the share price being cut slightly less than 50% after the dividend is issued. I’m not figuring the percentage exactly, but I don’t think it’s even close to 50%. We have 60 mil shares outstanding now, and after the 1:1 dividend will have 69 mil outstanding.
“For clarity, there are currently 60,307,396 shares outstanding. Of these only 34,542,338 shares are eligible for the dividend. Post dividend, there will be 69,084,676 shares in the market, as the 20,375,900 Pool shares will be retired and returned to the Generex treasury, leaving only 9 million additional shares in the market than pre-dividend.”
“For clarity, there are currently 60,307,396 shares outstanding. Of these only 34,542,338 shares are eligible for the dividend. Post dividend, there will be 69,084,676 shares in the market, as the 20,375,900 Pool shares will be retired and returned to the Generex treasury, leaving only 9 million additional shares in the market than pre-dividend.”
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