Denbury Resources Inc. (DNR) Social Stream
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$DNR It doesn't matter, no way, no how, what you or I think about a RS.put_money_to_work, published May 24, 2020
The Institutions will carry the vote.
The Suits in New York City and London will decide if DNR gets enough votes to allow the authorization of the RS.
That's right, the same Institutions that can drop the share price by selling a Million Dollars worth of stock at a loss, just to turn around and rebuy 5 Million Dollars worth at the reduced price.
It happens, all the time.
You and I can play the same game, if we stay on our toes. Wobble just a bit, and you're a "Bag Holder".
DNR Management doesn't necessarily WANT a RS.
It WILL BE AUTHORIZED, that's a given. But only time will tell if it gets "Implemented".
They HAVE TO abide by the Stock Exchange rules.
But I'm sure an "Extension" would be granted, considering the circumstances.
If the RS gets Implemented, then the authorized shares gets decreased right along with it. NO PROBLEM, SAME VALUE.
The real MONEY MAKER will be the announcement of getting REFINANCED.