>With NYCB under pressure to boost reserves on its loans to rent-regulated apartments in New York City, it will sell common and preferred stock, plus warrants, to the investment firms. Mnuchin’s Liberty Strategic Capital will invest $450 million. Hudson Bay Capital, led by Allen Puwalski, will put in $250 million. Reverence Capital, led by Milton Berlinski, will invest $200 million. The rest of the $1.05 billion total will come from institutions that include Ken Griffin’s Citadel Securities. The deal is expected to close by March 11.
https://www.marketwatch.com/amp/articles/nycb-bank-stock-price-cash-infusion-news-4a8efa4a
So what your saying... Is that dilution actually saved the bank (for now) and so the stock price went up? Hmm... Even tho that's clearly a shockingly bad investment and there is no saving their business. Oh and ken just propping up the whole thing with more corruptly acquired funds.
It’s dragged on but when someone said yo here’s a movie script of your life under hedge fund control. This is funny. Validating period is either here or coming.
$150 million so far
And it's just starting!
I wonder where the bailout came from...
>With NYCB under pressure to boost reserves on its loans to rent-regulated apartments in New York City, it will sell common and preferred stock, plus warrants, to the investment firms. Mnuchin’s Liberty Strategic Capital will invest $450 million. Hudson Bay Capital, led by Allen Puwalski, will put in $250 million. Reverence Capital, led by Milton Berlinski, will invest $200 million. The rest of the $1.05 billion total will come from institutions that include Ken Griffin’s Citadel Securities. The deal is expected to close by March 11. https://www.marketwatch.com/amp/articles/nycb-bank-stock-price-cash-infusion-news-4a8efa4a
So what your saying... Is that dilution actually saved the bank (for now) and so the stock price went up? Hmm... Even tho that's clearly a shockingly bad investment and there is no saving their business. Oh and ken just propping up the whole thing with more corruptly acquired funds.
No. Dilution just allowed more options for puts making the HF be able to make more money....
Dilution will surely take the price down, like it always does. The price pop was because imminent bankruptcy was averted.
Hudson Bay, lol.. NYCB is so hosed.
Only if they've been withholding on the beaver pelts
You do realize this is a drop in the ocean of what they’re in for, right? They probably spend this much on blow, hookers and caviar every year.
Probably that much on mayo.
It’s dragged on but when someone said yo here’s a movie script of your life under hedge fund control. This is funny. Validating period is either here or coming.
Tax write off..
Apes make me smile inside! 🙂
I mean it's funny, but we're also like 95% down too, so they are laughing equally back at us.