Yes anyone have some numbers of just how big that overhang is?. I noticed quite a few SSH notices from various entities on mET announcements.
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I make it re 63 million shares from Mitsui, Jp Morgan, Morgan stanly, UBS. If they are all bailing aways to go.S/P could drop alot more.Sub 10,000,000 gone today last i looked.
Plus another at least 30 mill shares from Vanguard millennium and others.
Suspect the fundies who sold their shares at over $6.80 to the arbitrage players are stepping up and now and buying back at less than 50% or half price.
Ready for the next round!
Could be too. Awaiting the next SPH notices with interest.
God almighty...how many people lost the money during this covid 19?
Once the dust has settled, it will be interesting to see where this stock settles. Now that we know the take over is off the table, will it actually head higher than it was when people were still in denial? It's been humming around 380 for the last few days, give or take, so I wonder with the take over uncertainty gone, if it will get back up to more realistic levels. If we go back to OCA as a reference, currently trading at about 66% of NTA, can we expect MET to track towards ~460 in the not too distant future?