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What is up with the DWAC redemption offer??

posted 1 year ago by enough_of_the_racism 1 year ago by enough_of_the_racism +24 / -0

I got an offer to redeem my DWAC shares and get about $10.24 per share for them. The price today is $13.36 and $10.24 is lower than it has ever been since the first few minutes on the IPO day. So what is their goal? Why would anyone take this deal?

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– Greatheart 3 points 1 year ago +3 / -0

The company is asking for an extension vote. You as an investor can say I would rather just get my money back. The value as already been determined to be $10.24. You have to understand that the value has NOTHING to do with the stock price. That is just the value of the company divided by the amount of shares.

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– enough_of_the_racism [S] 1 point 1 year ago +1 / -0

Makes sense!

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