Jun. 3 at 8:58 PM
according to Gemini
On January 18, 2024, ASTS stock closed at
$4.16
$GOOGL gave
$ASTS a 50 million dollar loan at 5%
that loan could be converted to shares at
$5.75 or stay as a loan and get paid back at 5%
January 29, 2025,
$ASTS closing price was
$17.72 and Google choose to convert
$51.25M (
$50M loan
$1.25M interest) into 8,913,043 @ shares at a price of 5.75.
$ASTS just hit print on the stock printer gave Google 158 million worth of shares to pay off the
$50 million loan Google gave a year earlier.
$GOOGL has 8,913,043 shares worth about 960 million at
$107.73 a share.
So when people say
$GOOGL is a partner it just means they gave
$50 million loan and got 158 million in share a year later.
$T $VZ $VOD and
$GOOGL have shares. They want those shares to be a expensive as possible they can sell at any time and you won't find out till their next earnings.
Those companies control a lot of media with ad revenue. You will never be told the truth that
$ASTS will never make money!
