SimonSkafar
If you're looking for nanocap drama, look no further than the Wheeler REIT (NASDAQ:WHLR). For background, refer to this initial WHLR article outlining the background of this distressed REIT. In the November update, I expected that
Wheeler D Tender Revision - A Corporate Game Of Chicken
Summary
- The first tender offer for Wheeler Preferred D shares was unsuccessful, as expected, but now the terms have changed.
- Given the revised incentives around the tender offer, I believe it is more likely that holdouts will break ranks and tender their shares.
- Many risks are present in this situation, and I encourage anyone evaluating an investment to do thorough due diligence.
Deep value investor focused primarily on microcap stocks. Registered Investment Advisor located in Virginia.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of WHLR, WHLRP either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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