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$1.35 australian pharmaceutical industries limited

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shortinghero

2,211 Posts.

05/08/17

17:42

Post #: 26313609
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Originally posted by mkwagner73 ↑

Put it this way, SOL sold 25,146,497 shares for a total return of $53,743,218.

If SOL were to buy those shares back at $1.52 for a total of $38,222675 it would result in a nice little profit of $15,520,542. Given they only sold a small portion of their holding, I think it's fair to say they still have confidence in API, so I personally think it is a given that they will be buying back in.

If my calculations are incorrect, please feel free to correct them.

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SOL bailing out on API tells me quite a lot.
I'm sure they have enough info to know what they're doing.
When Amazon unleashes it's tentacles across Australia it'll be curtains for a lot of businesses just like the US Armageddon.

API Price at posting: $1.52 Sentiment: Sell Disclosure: Not Held
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0 Great analysis

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