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The Short Sniper
@TheShortSniper
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@KrisVerma88 You used to do that years ago until you realized that this isn't sustainable. no?
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The only thing I can think of is there were a few players involved and one player decided to screw over the other one buy dumping this early. if anyone has any other explanation as to why they would dump when there is almost no volume i'd be interested to hear.
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how exactly does that work? the stock is at $13 why would anyone agree to buy 100k shares at $43?
Ticker: $SPCB Form Type: 6-K Summary: SuperCom Ltd. entered into a Waiver and Fourth Amendment to its Credit Agreement with Fortress Investment Group on January 22, 2025. As part of the amendment, $4,374,175.47 of outstanding loans will be exchanged for 100,000 ordinary shares at a price of $43.74 per share, reducing the outstanding loan amount to $14 million. Additionally, the maturity date of the loans has been extended to December 31, 2028, and the annual interest rate has been reduced from LIBOR+8% to SOFR+2.5%, resulting in estimated savings of over $1 million if repaid at maturity. Link:
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