Mar. 21 at 4:21 PM
$BARK If the bears are right and the sp goes down more with the r/s, then GNK/Lemonis have no reason to announce anything now. They will wait for the below-60c prices, they will buy a 20% of the float with an average of
$0.60 in the open market and then they will make a tender offer for another 30% plus one share at
$1.10.
Lower average for them, more willing retail and institutional to sell.