RE: Movement10 Apr 2019 20:43
Oh, now I get it.
RB already provisioned 400M and today’s drop wiped 3BN from MCAP. So you could say it has already been priced in, so the worst case scenario is out of the way, and mid case scenario would be sharing the 3BN fine (theoretical but it always is exaggerated) between the two companies. The best case scenario would be that RB get’s a fine of 400M, which would be a non event.
RB’s CEO is leaving, so they can easily expedite this now and start with a clean slate of PR.
As usual, the sell off is always overdone.