For those of you who would like to take advantage of our Luck O' the Irish SALE but prefer not to make payments online, you are welcome to send us a check or money order in the amount of $114.12 for a 3-year AD-FREE Premium Service Bundle or $190.20 for a 5-year Bundle. Make checks or money orders payable in US funds to "Investor Village" and send to: Investor Village, P.O. Box 2958, Marrero, LA 70073.
As many of you know, we operate on the honor system around here. So, in closing out our Luck O' the Irish SALE, we wanted to advise those of you who plan to pay by check or money order that you can send a PM to Admin informing us of your intention. We will then upgrade your account for 7 days, allowing you to enjoy our ad-free premium service now and giving you a reasonable amount of time to get your payment in.
Re: SFL Traded 6,438,228 shares today vs. 474,000 recently
Agreed.
But in this case the underwriters "borrow" 7 million newly minted shares and then sell the shares - take in money - Circa $90 million - which costs them nothing - they turn around and raise $60 million of new cash from clients or their own accounts and lend $150 million to SFL - and now earn interest on that $150 million - $90 million of which they get for free. Huh?
So now what happens when the loan "matures" or whatever this deal calls it ... each $1,000 of loan value can convert into 54 shares at an effective price of $18.93. But the shares have already been issued and are held by other parties.
So now what? Issue more shares? Hell no.
Maybe I need to read it all again. Perhaps there are other endgames planned given that the 7 million shares have already been "borrowed".