$VIRT any concern with the loan from Vincent Viola? Interesting analysis from seeking alpha comment “There is no way this is a share holder friendly arrangement. If share price after the earnings announcement, he exercises his warrants which will lead to dilution to existing shareholders leading to a drop in share price. So upside to existing shareholders is capped. On the flip side, if share price doesn't spoke after announcement, the firm is still left paying higher interest than their current cost of capital. Win-win for him, not us.”
  • 1
  • 15