Jul. 15 at 5:07 PM
$FRMI so brokerage pays 9.52 a share while its under 7 to effectively loan them
$400 M.
That money by itself is worth ~
$80,000,000
So if you do math, share price needs to be double or triple what it is now to break even. Meanwhile FRMI saves
$600M in interest.
That's a hell of a bet by brokerage unless they know details of pending transactions. Honestly a blind monkey could move at warp speed with deals like this