There are only 4mm shares outs

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BridgetBirrell
2022-09-27

There are only 4mm shares outstanding (it recently did a reverse split 1:4) so it could run. Plus the biggest positive is that management has offered to buy the whole company for $3.32 per share (.83 before the reverse split). The outside board hired Citibank to give a fairness opinion - it looks like they are trying to steal the company and Citibank will I'm sure get them to raise. Anyway, it's trading just below the buyout price so there is very little risk. If the program traders get a hold of this they could run it up easily with only 4mm shares outstanding.$New Oriental Education & Technology(EDU)$

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Velisian
·2022-10-24
👍🏻
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S.B.D
·2022-10-24
Not possible
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wobi
·2022-09-27
okie
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