06-11-2016, 06:27 AM
(This post was last modified: 06-11-2016, 06:29 AM by weaselpuppy.)
If this situation with the OSH ADRs becomes an issue, yes I believe there will be a lot of selling pressure. The upward pressure from now to Deal Vote will be the valuation of the CVRs from any leaked OSH-IPI cert info, and rumblings of a sweetener or new bidder. The sweetener possiblity may be affected by how the AGM goes next week. Hold on to your hats.
My focus now is to look at the behavior of the MF/Institutions holding 100's of thousands or millions of shares, to see if they think this ADR situation is a problem. I mean if Cap Re is okeedoke with the deal, they have to have thought about how they will unwind 40+ million shares of OSH at some point, right? Maybe they aren't restricted like individuals are? Hmmm....so many unanswered questions.
Thanks IOC IR!!!
My focus now is to look at the behavior of the MF/Institutions holding 100's of thousands or millions of shares, to see if they think this ADR situation is a problem. I mean if Cap Re is okeedoke with the deal, they have to have thought about how they will unwind 40+ million shares of OSH at some point, right? Maybe they aren't restricted like individuals are? Hmmm....so many unanswered questions.
Thanks IOC IR!!!