The other buyer may be SOL. If they were willing to take all the overhang at 66c per share cum-div, that is the equivalent to them of buying stock at 28c per share ex-div (as the div is worth exactly 38c to them, ignoring the capital loss benefits).
Common sense would say that they will be willing to buy 6% of the company up to 28c, which should find another line of support for the stock.
The other buyer may be SOL. If they were willing to take all the...
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