Well...maybe they need money... So, let's assum
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Posted On: 11/26/2019 6:45:32 PM
Re: bwolfy2002 #9033
Well...maybe they need money...
So, let's assume they have been selling since the PPS was at $3...and they kept selling and selling...now, after all that selling, on average, they sold at $1.50 per share.
After the dividend, they buy back 4 million shares at $0.40 - $1.00 each or average of $0.75 per share...they still get to keep 0.75 per share x 4 million shares or $3 million.
So, let's assume they have been selling since the PPS was at $3...and they kept selling and selling...now, after all that selling, on average, they sold at $1.50 per share.
After the dividend, they buy back 4 million shares at $0.40 - $1.00 each or average of $0.75 per share...they still get to keep 0.75 per share x 4 million shares or $3 million.
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